Solved

Which of the Following Statements Is True in Regard to a Company

Question 8

Multiple Choice

Which of the following statements is true in regard to a company limited by guarantee?


A) An example of company limited by guarantee is the Australian Society of Certified Practising Accountants.
B) Unless the company is exempted by the ASIC,it must include 'Limited' or 'Ltd' in its name.
C) The liability of the members is limited to the monetary sum each member has agreed to contribute if the company is wound up.
D) All of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents