Question
Which of the following is the best description of 'limited liability'? The directors of the company are not personally liable for the debts of the
Which of the following is the best description of 'limited liability'?
The directors of the company are not personally liable for the debts of the company
The shareholders of the company are not personally liable for the debts of the company
The liability of shareholders to contribute to the debts of the company is limited to the amount (if any) remaining unpaid on their shares
The liability of directors to contribute to the debts of the company is limited to the amount (if any) remaining unpaid on their shares
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Criminal Law
Authors: William Wilson
7th Edition
1292286741, 978-1292286747
