Which of the following statements are correct about a limited liability company?

i - the liability of shareholders for company debts is normally limited to the amount they have paid for their shares

ii - the liability of directors for company debts is limited.

iii - if the company fails, the creditors may have to bear greater losses than if they were dealing with a non-company.

iv - in the event of liquidation, unsecured creditors will receive a full payment for the amount of debts they had given to the company.

Select one:

A. i, ii, iii and iv

B. iii and iv

C. i and iii

D. i and ii

Which of the following statements are correct about a limited liability company?

i - the liability of shareholders for company debts is normally limited to the amount they have paid for their shares

ii - the liability of directors for company debts is limited.

iii - if the company fails, the creditors may have to bear greater losses than if they were dealing with a non-company.

iv - in the event of liquidation, unsecured creditors will receive a full payment for the amount of debts they had given to the company.

Select one:

A. i, ii, iii and iv

B. iii and iv

C. i and iii

D. i and ii