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  • Directions: State whether the following statement is True...
Multiple choice

Directions: State whether the following statement is True Or False.

The members of a company can not have unlimited liability.

  1. True

  2. False

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

The defining feature of a company is limited liability. The liability of members is limited to the unpaid value of their shares.

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