A public limited liability company can be enter into contracts because it?

Assessment: WAEC SSCE - Commerce - 2003 (Objective) Subject: Commerce

Question 1 Report

A public limited liability company can be enter into contracts because it?
Answer Details
A public limited liability company is a legal entity that is distinct from its shareholders and can enter into contracts in its own right. This means that the company can sue and be sued, borrow money, and engage in other business activities on behalf of its shareholders. The liability of the shareholders is limited to the amount of their investment in the company, which means that they are not personally responsible for the company's debts or obligations. Therefore, the correct answer is "is legal entity".

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