A feature common to public and private limited liability companies is that

COMMERCE
JAMB 2012

A feature common to public and private limited liability companies is that

  • A. both can sue and be sued
  • B. the minimum number of their shareholders is five
  • C. the transfer of their shares is not restricted
  • D. their annual accounts are published for public use

Correct Answer: A. both can sue and be sued



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.