Limited liability means that

Limited liability means that
  • A.
    the debt of a company can only be paid from its own assets
  • B.
    the debts of a company are paid from business as well as private funds of the owners
  • C.
    a company does not have to pay its debts
  • D.
    the debts of a company must be paid from a private funds only
  • E.
    government cannot tax a company
Correct Answer: Option A
Explanation
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