One of the implications of the incorporation of a company is that

COMMERCEJAMB 1995

One of the implications of the incorporation of a company is that

  • A. it is more difficult for the company to raise loans
  • B. the company can sue but cannot be sued
  • C. the company's property becomes distinguished from that of its members
  • D. its members become liable for all the debts of the company

Correct Answer: C. the company's property becomes distinguished from that of its members

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