Multiple choice

Which of the following are the characteristics of a private company?

X. Limited liability of members Y. Perpetual succession Z. Free transferability of shares

  1. X and Y

  2. Y and Z

  3. X and Z

  4. X, Y and Z

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Free transferability of shares is the feature of a public company, not a private company.