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  5. One of the implicati...

One of the implications of the incorporation of a company is that

Commerce
JAMB 1995
One of the implications of the incorporation of a company is that
  • A. it is more difficult for the company to raise loans
  • B. the company can sue but cannot be sued
  • C. the company's property becomes distinguished from that of its members
  • D. its members become liable for all the debts of the company
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Correct Answer: Option C
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts