Economics WAEC

Liquidation of limited liability company implies that the?

A. company may not pay its debt
B. debts of the company can only be paid from its own assets
C. debts of the company are paid from both business and private funds of the owners
D. debts of the company must be paid from public funds only

Correct Answer:

Option B – debts of the company can only be paid from its own assets

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