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A distinguishing characteristics of a limited liability company is that it

Commerce
JAMB 1994

A distinguishing characteristics of a limited liability company is that it
  • A. is a collection of many sole proprietors
  • B. is a multiple partnership
  • C. can sue and be sued
  • D. has limited resources
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Correct Answer: Option C
Explanation
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Myschool's prices for products & services are going up again in February - Buy what you need now

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JAMB CBT Software 2025 - Free Download
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
Myschool's prices for products & services are going up again in February - Buy what you need now
JAMB CBT Mobile App 2025 - Free Download
JAMB CBT Software 2025 - Free Download