Which of the Following Statements Is Not True for a 'No-Liability

question 10

Multiple Choice

Which of the following statements is not true for a 'no-liability' company?

• A) If the company becomes insolvent shareholders are still required to pay any outstanding amounts owed on their shares.
• B) In Australia, no-liability companies are solely mining companies.
• C) The shareholders are not liable for the outstanding debts of the company.
• D) The company's operations are of a risky nature.

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