Question

When any shareholder fails to pay the amount due on allotment or on any of the calls, such amount is known as ______

Options

• Calls-in-Arrears

• Unpaid Calls

• Both Calls-in-Arrears and Unpaid Calls.

• None of the above

Answer 1

When any shareholder fails to pay the amount due on allotment or on any of the calls, such amount is known as Calls-in-Arrears and Unpaid Calls.