6. Which of the following is not a feature of a company ?
(a) Legal entity
(b) Unlimited liability
(c) Eternal existence
(d) Transferrable shares
7. Shareholders of a company earn
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What Is an Unlimited Liability?
Unlimited liability refers to the full legal responsibility that business owners and partners assume for all business debts. This liability is not capped, and obligations can be paid through the seizure and sale of owners’ personal assets, which is different than the popular limited liability business structure.
correct answer is B) Unlimited Liability
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Answer:
Q.6) B) Unlimited liability I think
Explanation:
Q.7) When someone is a stockholder in a company, that company's profits are also the stockholder's profits. The increasing value of a stock is just one instance of this. Another may be dividends paid to shareholders by the company
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