A person who is unable to pay his debts, is called_______. poorsolventinsolventwell to do (2024)

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A

insolvent

B

solvent

D

poor

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A person or firm whose liabilities exceed the value of owned assets is termed as insolvent. It is the inabilities of the company or person to pay liabilities as they become due.

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A person who is unable to pay his debts, is called_______. poorsolventinsolventwell to do (2024)
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