a
company may not pay its debt
b
debts of the company can only be paid from its own assets
c
debts of the company are paid from both business and private funds of the owners
d
debts of the company musts be paid from public funds only
Explanation
Correct Option
bNo explanation available
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Deepthinker581
4 years ago
Limited liability is a kind of legal protection whereby owners and shareholders have no personal responsibility for their company's debts and financial losses.. In other words, investors' and owners' private assets are not at risk if the company fails.
