Which of the following individuals have unlimited liability based on their ownership interest?

Which of the following individuals have unlimited liability based on their ownership interest?



I. General partner

II. Sole proprietor

III. Stockholder

IV. Limited partner


-II only.


-I and II only.


-II and IV only.


-I, II, and III only.


-I, II, and IV only.



Answer: I and II only.


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