Law · Company Law
In relation to corporate personality and corporate liability, which of the following statements is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither shareholders, directors, nor the company itself are liable for the debts
- 2Directors are fully liable for the debts of the company
- 3Shareholders are fully liable for the debts of the company
- 4A company limited by shares is fully liable for all its corporate debts✓
Correct answer
A company limited by shares is fully liable for all its corporate debts
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