Kizspy | Question: 37
(Choose 1 answer)
What is "limited liability"?
A. Limited liability means that the maximum amount an investor can lose equals that person's actual investment in the business.
B. Limited liability means that the minimum amount an investor can lose equals that person's planned investment in the business.
C. Limited liability refers to how much the directors must contribute in the event of the company becoming insolvent.
D. Limited liability refers to the directors' ability to limit their liability for acts of negligence, fraud, etc.
