Question 8
Business UnitsWhich of the following are features of a limited liability company? I. Separate legal entity II. Right to sue but not be sued III. Has its own corporate name IV. The liability of members is limited
- A.I, II and III
- B.II, III and IV
- C.I, II and IV
- D.I, III and IV
Show the answer and explanation
Answer: D (I, III and IV)
Explanation
A company can sue and be sued, so II is false; I, III and IV are features.