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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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