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(b) Explain the meaning of the following terms (i) Authorized stock (ii) Veil of incorporation (iii) Company Charter (iv) No-par value stock (v) Unlimited liability

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(b) Explain the meaning of the following terms (i) Authorized stock (ii) Veil of incorporation (iii) Company Charter (iv) No-par value stock (v) Unlimited liability (5marks)

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