Which scenario most accurately illustrates the concept of unlimited liability

Correct answer is B

B. Willie has independently owned and operated Willie's Car Wash since 1999, but the business has been struggling for the past 5 years. Willie has been borrowing money to keep the business afloat, but his business revenue continues to shrink while his debts are growing too large to manage. Next week, Willie is going to have to shut down the car wash for good.

Explanation:

Willie has to be completely liable for the struggle in the company