Which of the following is not true of a private limited company?

Commerce

WAEC 1996

A. The minimum number of shareholders is two
B. its shares are freely transferable
C. There is a limit to the number of shareholders
D. it is following separate legal entity
E. it is a registered business

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Correct Answer: Option B

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Which of the following is not true of a private limited company?

Correct Answer: Option B

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