Limited liability in Economics means that - WAEC Economics 1990 Question
Limited liability in Economics means that
A
a shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested
B
a shareholder's liability for the debt company is dependent on how much he is owing
C
shareholders can not be asked to pay for the debts of the company
D
shareholders try to ensure that only a small proportion of the debt comes to them
correct option: a
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