Accounting WAEC

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

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

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