In the event of a limited liability company going into liquidation each

Economics JAMB 1983

In the event of a limited liability company going into liquidation each

  • shareholder may lose the maximum of the amount he has invested checkmark
  • shareholder loses nothing
  • shareholders loses everything including his house
  • shareholder''s liability becomes unlimited
  • shareholder will lose the amount he has invested plus a proportion of his bank account

The correct answer is: A

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