Limited liability is a feature of

Partnership

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Company

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Sole Proprietorship

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All of the above

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Solution

The correct option is B Company
Option B is the correct answer.
The following are some of the characteristics of a joint stock company:
Independent legal entity.
Limited liability.
Common seal.
Separate ownership and management.
Transferability of shares.
Perpetual existence.
Association of persons.

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Similar questions

The karta in Joint Hindu family business has

(a) Limited liability

(b) Unlimited liability

(d) Joint liability

What is meant by 'limited liability' for a company?

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