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Denzil November has invested R250 000 in SD Company. The firm has recently declared bankruptcy and has R600 000 in unpaid debts. Under each of
Denzil November has invested R250 000 in SD Company. The firm has recently declared bankruptcy and has R600 000 in unpaid debts. Under each of the following situations, write whether the Denzil will have a limited or unlimited liability. a. SD Company is a sole proprietorship owned by Denzil November b. SD Company is a 50-50 partnership of Denzil November and Christopher Black. c. SD Company remains a company Answers: a. liability b. liability c. liability
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