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      Question

      A company limited by shares is a type of company where

      the liability of its members is ________________
      A Limited to the amount paid on the shares held by them Correct Answer Incorrect Answer
      B Unlimited to the amount unpaid on the shares held by them Correct Answer Incorrect Answer
      C Unlimited to the amount unpaid, if any, on the shares held by them Correct Answer Incorrect Answer
      D Limited to the amount unpaid, if any, on the shares held by them Correct Answer Incorrect Answer
      E To the amount up to which each member undertakes to contribute Correct Answer Incorrect Answer

      Solution

      Section 4. Memorandum: (1)(d)(i) in the case of a company limited by shares, that liability of its members is limited to the amount unpaid, if any, on the shares held by them.

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