- 1 Marks
BCL – L1 – SA – Q94 – Alternative Forms
Question
Company may be companies limited by shares companies limited guarantee, unlimited companies.
A Number of members
B Liability of members
C Registered
D Incorporation
Answer
B
Explanation:
The correct answer is B because companies are classified as limited by shares, limited by guarantee, or unlimited based on the liability of their members. Number of members (A), registration (C), and incorporation (D) are not the basis for this classification.
- Tags: Company Law, Company Types, Liability
- Level: Level 1
- Uploader: Samuel Duah