JAMB Commerce 2012 Objective — Question 27

Question 27 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.

A feature common to public and private limited liability companies is that

A. both can sue and be suedCorrect
B. the minimum number of shareholders is five
C. the transfer of their shares is not restricted
D. their annual accounts are published for public use

Explanation

Both the public and private limited companies are legal entity that can sue and be sued in its name.

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