Which one of the following statements about limited liability is correct? The liability of investors in a limited company is limited to:
A) The amount of their original investment plus £50 000.
B) An amount determined by the company's directors upon incorporation.
C) An amount determined by the Companies Act 2006.
D) The amount of their original investment.
Correct Answer:
Verified
Q14: Which one of the following statements about
Q15: XPN Limited has a share capital of
Q16: CBA Limited has a share capital of
Q17: BBK Limited has share capital of 100
Q18: You are the company secretary of Annacone
Q20: SBP Limited has share capital of 50
Q21: RRD Limited pays a dividend totaling £6000
Q22: Included in the share capital of NMO
Q23: Sharp Motorhomes plc floated 90% of its
Q24: Skapinker Fullworth plc (SF) had 150 000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents