A private limited company is that which?

By: |Published on: Aug 19|Categories: Accounting WAEC| 0 comments

i. restricts the right to transfer its share.

ii. has a minimum of seven members.

iii. limits membership to fifty.

iv. offers its shares for sale to the public

A. i and ii
B. ii and iv
C. i and iv
D. ii and iii
E. i and iii

Correct Answer:

Option E – i and iii

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