Which of the following are correct about a limited liability company?

By: |Published on: Jun 5|Categories: Accounting WAEC| 0 comments

i. Members have power to bind the company

ii. Perpetual succession

iii. Certificate of incorporation

iv. Wound-up on death of a shareholder

A. ii and iii only
B. i and iv only
C. ii and iv ony
D. i and iii only

Correct Answer: Option A

A. ii and iii only

Users Also Read These:

SEE ALSO  The net book value of the machine in the balance sheet as at 31st December 2020 was?

Copyright warnings! Do not copy.