. 5. Preliminary expenses are the expenses incurred

a. On issue of new shares

b. All of the above

c. For payment of commission

d. At the time of formation of the company

. 6. Shares once forfeited can .

a. lead to loss of capital

b. be allotted only to the institutions

c. be reissued again

d. not be reissued again

. 7. Chief Justice John Marshall defined a corporation as an artificial person in the year

a. 1719

b. 1919

c. 1879

d. 1819

. 8. Limited liability means.

a. shareholders are liable for any loss

b. personal assets of the shareholders are not liable

c. personal assets of the shareholders are liable

d. ownership of shareholders are limited

. 9. Etisalat is a .

a. Publicly held organization

b. Sole ownership

c. Privately held organization

d. Partnership form of organization