Question

New
2) If the company collapses under huge debts, what action will be taken against individual share holders ?
(A) Their assets will be attached to pay the debts
(B) two years rigorous imprisonment for each of them
(C) they will be banned from trading in the market for five years
(D) no legal action is taken against them because of limited liability​

Answer 1

Answer:

(D) no legal action is taken against them because of limited liability