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Unlimited liability is main feature

Assignment Help Business Law and Ethics
Reference no: EM133293286

Questions

1. An artificial legal persona has its own___________________. 

A. Rights and obligations

B. Statues 

C. Prejudices 

D. House of lords 

2. Unlimited liability is a main feature of a ___________________. 

A. Sole trader 

B. Company 

C. Public limited company 

D. Cooperative societies 

3. Who starts and floats a company? 

A. Owners

B. Shareholders 

C. Promoters 

D. Management 

4. _____________ capital is divided into equal portions of interest or rights. 

A. Debentures 

B. Loans 

C. Prospectus 

D. Shares

5. When partners are getting into agreement which document is drawn so as to minimize future disputes? 

A. Contribution of capital 

B. Profit sharing 

C. Partnership of deed 

D. Retiring of a partner  

Reference no: EM133293286

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