Answer:
False
Explanation:
Limited liability is a feature mostly enjoyed by shareholders of a corporation. Limited liability protects the personal properties of shareholders from interference should the corporation fail to meet its obligations.
Partners in a partnership do not enjoy limited liability. It means that if the business is unable to meet its obligation, its partners' properties can be used to sold to settle the debts. A partnership business and its owner are treated as one entity. The assets and liabilities of the business are not distinct from the owners.
