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Mr. Ali has invested Rs. 50,000 in Ahmad enterprise. The firm has recently declared bankruptcy and has Rs. 100,000 in unpaid debts. Explain the
nature of payments by Mr. Ali with respect to the extent of liability
(Limited or Unlimited) in each of the following situations.


  1. Ahmad enterprise is a sole proprietorship owned by Mr. Ali.
  2. Ahmad enterprise is a 50-50 partnership of Mr. Ali and Mr. Ahmad
  3. Ahmad enterprise is a private limited company
  4. Ahmad enterprise is a public  limited company

 

Your answer must be in following format

 





Question

Answer

A

Limited or Unlimited

B

Limited or Unlimited

C

Limited or Unlimited

D

Limited or Unlimited

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Replies to This Discussion

a.
A. Unlimitted
B. Limited
C. Limited
D. Limited
would u pleas elaborate?reason i mean?
coz i think it it
unlimited
unlimited
limited
limited
yes berry i agree wid ur ans
extent of liability is applicable on companies i guess
not on individually person business ... am not sure but i agree :p
I Agree with Berry..!!
unlimited
unlimited
limited
limited

In my opinion its correct..!!
unlimited
unlimited
limited
limited
hey guys should the ans b posted in words or giveexlaination as well??
i gaved a lil bit of explanation :( in one line :p
Mr. Ali has invested Rs. 50,000 in Ahmad enterprise. The firm has recently declared bankruptcy and has Rs. 100,000 in unpaid debts. Explain the nature of payments by Mr. Ali with respect to the extent of liability (Limited or Unlimited) in each of the following situations.
a. Ahmad enterprise is a sole proprietorship owned by Mr. Ali. Unlimited
b. Ahmad enterprise is a 50-50 partnership of Mr. Ali and Mr. Ahmad Unlimited
c. Ahmad enterprise is a private limited company Limited
d. Ahmad enterprise is a public limited company Limited
Assalam-o-Alaikum
how to post answer in GDB?
thanx

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