(a) Explain the following: (i) limited liability (ii) separate legal entity (iii) ceritficate of incorporation (iv) participating preference shares (v) ordi...

Question 1 Report

 (a) Explain the following:

(i) limited liability (ii) separate legal entity  (iii) ceritficate of incorporation (iv) participating preference shares (v) ordinary shares. 

(b) State five advantages of public corporation.