When the obligations of a partnership can't be met, each partner is liable for the obligation. This characteristic is called A. limited life. B. unlimited liability. C. limited liability. D. mutual agreement

The answer to this question is B. unlimited liability

In partnership, all partners involved acted as one united entity, even though the percentage of ownership is different.

So, when a partner make a certain debt in the name of the firm, all partners in that firm is required to a certain percentage of that debt depending on how much ownership they had in the firm. If one partner couldn't pay their percentage, other members are legally binded to chip in.