Which of the following is not true of a private limited company?

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

Which of the following is not true of a private limited company?
Answer Details
The statement that is not true of a private limited company is "its shares are freely transferable." In a private limited company, the number of shareholders is limited, and the shares are not freely transferable. The transfer of shares requires the consent of other shareholders or directors, and the company's articles of association may also have restrictions on share transfers. This is different from a public limited company, where shares can be freely bought and sold on a stock exchange.
Read lesson note on Legal Aspects Of Business (JAMB)
View Answer

Related Questions

1

The primary purpose of credit cards is to
2

Which of the following is not the duty of an entrepreneur?
3

When a company buys up firms supplying it with raw materials, this is an example of
4

The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the
5

Which of the following is not a credit instrument used in business transactions?
6

Industrial, commercial and direct services are branches of
7

Which of the following is used to transmit typed messages over long distances?
8

Containers are suitable for transporting goods by

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning