A. ordinary shareholders
B. preference shareholders
C. cumulative preference shareholders
D. debenture holders

Correct Answer:

Option D – debenture holders


Debenture-holders are the subscribers to debentures. Debentures are part of loan. A shareholder or member is the joint owner of a company; but a debenture holder is only a creditor of the company. In the event of liquidation, they are paid first before any other class of lenders.

SEE ALSO  An agent who takes title to goods and has authority to buy and sell on behalf of another is?

Copyright warnings! Do not copy.