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The personal assets of the partners can be used to pay off firm’s debts, if firm’s assets are not sufficient, in which of the following feature of par
Question

The personal assets of the partners can be used to pay off firm’s debts, if firm’s assets are not sufficient, in which of the following feature of partnership is highlighted above?

A.

Agreement

B.

Mutual Agency

C.

Unlimited Liability of Partners

D.

Sharing of Profits

Correct option is C

The feature of partnership highlighted is "Unlimited Liability of Partners." In a partnership, partners are personally liable for the firm's debts, which means their personal assets can be used to pay off firm debts if the firm's assets are insufficient.

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