Business Studies, asked by Madhviarora6790, 1 year ago

Definition of limited life of a business concern

Answers

Answered by Akash7766

Limited liability is where a person's financialliability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership. If a company with limited liability is sued, then the claimants are suing the company, not its owners or investors.

Answered by Anonymous

If a company with limited liability is sued, then the claimants are suing the company, not its owners or investors.

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