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Question
Select the proper option from the options given below and rewrite the completed sentence.
The liability of the shareholders in the public limited joint stock company is ________.
Options
limited
unlimited
collectively
Solution
The liability of the shareholders in the public limited joint stock company is limited.
Explanation:
The liability of shareholders is limited to the amount of their investment in the shares. Because of the company’s legal status, the company’s liabilities are its own; thus, personal property of shareholders cannot be used to pay the liabilities.
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