Limited liability means?

Economics JAMB 1985

Limited liability means?

  • the debts of a company can only be paid from its own assets checkmark
  • the debts of a company are paid from business as well as private funds of the owners
  • government cannot tax the company
  • the debts of a company must be paid from private funds only
  • the company does not have to pay its debts

The correct answer is: A

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