MCQOPTIONS
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				| 1. | 
                                    Liability of partners in respect of the firms debts is _______. | 
                            
| A. | imited up to the amount of his capital in the business | 
| B. | nlimited | 
| C. | imited up to the amount of guarantee given by the partner | 
| D. | imited up the amount of his capital and loan to the firm if any | 
| Answer» C. imited up to the amount of guarantee given by the partner | |