Limited & Unlimited Liability 0.0 / 5 ? Business StudiesLimited & Unlimited LiabilityGCSEEdexcel Created by: rashed98Created on: 10-05-14 16:50 Unlimited liability is experienced by this type of trader sole 1 of 10 Limited liability is an advantage to... shareholders 2 of 10 A partnership is two or more individuals that are trading... together 3 of 10 Who is a company controlled by? managers 4 of 10 In the eyes of the law, a company has its own legal... identity 5 of 10 A business with limited liability includes a PLC 6 of 10 Payment failures by a trader with unlimited liability can lead to... repossesions 7 of 10 Limited liability means all debts are run up by the...and no further business 8 of 10 A partnership has this type of liability... unlimited 9 of 10 Who has legal responsibility to settle debts in a company with unlimited liability? owners 10 of 10
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