Explain the nature of payments and invested

Reference no: EM13338407

Mr. A has invested Rs. 25,000 in southwest development company. The firm has recently declared bankruptcy and has Rs. 60,000 inunpaid debts. Explain the nature of payments by Mr. A with respectto the extent of liability (Limited or Unlimited) in each of the following situations.

Southwest Development Company is a sole proprietorship owned byMr. A.

Southwest Development Company is a 50-50 partnership of Mr. Aand Mr. B

Southwest development company is a private limited company

Southwest development company is a public limitedcompany

Your answer must be in following format

Question

Answer

A Limited or Unlimited

B Limited or Unlimited

C Limited or Unlimited

D Limited or Unlimited

Reference no: EM13338407

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