Limited liability means that
ECONOMICS
WAEC 1994
Limited liability means that
- A. the debt of a company can only be paid from its own assets
- B. the debts of a company are paid from business as well as private funds of the owners
- C. a company does not have to pay its debts
- D. the debts of a company must be paid from a private funds only
Correct Answer: A. the debt of a company can only be paid from its own assets
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