Limited Liability Means

question 37

Multiple Choice

Limited liability means:

• A)the liability of shareholders for company debts is normally limited to the amount they have paid for their shares.
• B)the liability of directors for company debts is limited.
• C)if the company fails, the creditors may have to bear greater losses than if they were dealing with a non-company.
• D)Both A and C.

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Definitions:

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Major Tranquilizers

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