Suppose, two or more people have taken a loan. If one of them is unable to pay, then other members are fully liable to p

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Q 1588478307.     Suppose, two or more people have taken a loan. If one of them is unable to pay, then other members are fully liable to pay the whole amount of loan. This refers to -


A

Joint Liability

B

Several Liability

C

Both (a) and (b)

D

Several Assets

E

None of the above

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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