Post Utme Eksu 2018 Commerce Question 6

Practice objective / multiple choice question 6 from the 2018 Post Utme Eksu Commerce examination.

Post Utme Eksu 2018 Commerce Objective / Multiple Choice

Question 6 POST_UTME_EKSU • 2018 • COMMERCE • objective

The concept of 'limited liability' in a company is best described as:

A. The company is responsible for all debts and liabilities of its members.

Correct Answer B. The company's liability is limited to the amount of its share capital.

C. The company's members are personally liable for its debts and liabilities.

D. The company's liability is unlimited and its members have no protection.

Correct Answer

Correct Option:

The company's liability is limited to the amount of its share capital.

This is Post Utme Eksu 2018 Commerce Question 6. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.

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