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In the event of a limited liability company going into liquidation each

Economics
JAMB 1983

In the event of a limited liability company going into liquidation each
  • A. shareholder may lose the maximum of the amount he has invested
  • B. shareholder loses nothing
  • C. shareholders loses everything including his house
  • D. shareholder''s liability becomes unlimited
  • E. shareholder will lose the amount he has invested plus a proportion of his bank account
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Correct Answer: Option A
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