Liquidation of limited liability company implies that the?
ECONOMICS
JAMB 1998
Liquidation of limited liability company implies that the?
- A. company may not pay its debt
- B. debts of the company can only be paid from its own assets
- C. debts of the company are paid from both business and private funds of the owners
- D. debts of the company musts be paid from public funds only
Correct Answer: B. debts of the company can only be paid from its own assets
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