An unlimited company means:

CS CSEET · Business Laws and Management · PYQS · October 2026
An unlimited company means:
(A) Liability limited to unpaid share value
(B) Liability restricted to guarantee amount
(C) Liability arises only on liquidation of shares
(D) Liability extends to full personal property of members

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) Liability extends to full personal property of members.

Topics: Company Law

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic