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Yusuf, David and Mike run a business called T Ltd., Yusuf is the only shareholder with 100% of shares. Business decisions are all made by

Yusuf, David and Mike run a business called T Ltd., Yusuf is the only shareholder with 100%

of shares. Business decisions are all made by Yusuf and David, but David and Mike are

involved in the day-to-day management of the business.

Who would be liable if the business goes into liquidation and is unable to pay its debts?

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