Law · Corporate Law
Which of the following statements about corporate personality is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A company has perpetual succession
- 2A company can be charged with a crime
- 3The directors cannot be held liable for the debts of the company under any circumstances✓
- 4Shareholders' liability is limited to the amount unpaid on their shares
Correct answer
The directors cannot be held liable for the debts of the company under any circumstances
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