Because Leon and the other owners registered the enterprise as a private company, their liability would be _______.a.unlimited, which means they could lose their private assets if the enterprise goes bankruptb.limited to the capital they invested in the enterprisec.limited to their own personal debtsd.limited to the debts of the enterprise

One of the factors that Leon and the other owners had to keep in mind when they had to choose a form of enterprise, is legal personality. They decided to register the enterprise as a private company, which means that Leather for Africa _______.Select one or more:a.can own its own assetsb.can act in its own namec.cannot exist independently of Leon and the other shareholdersd.can exist independently of Leon and the other shareholders

Leon and the other owners also had to keep the continuity of the enterprise in mind. Leather for Africa would _______.a.have limited continuityb.have an indefinite lifespanc.cease to exist, if one of the shareholders withdrew from the enterprised.cease to exist, if they decided to involve more shareholders

The liability of a sole proprietor is:a) Limited to the capital investedb) Limited to the extent of his sharec) Unlimitedd) Limited to the profits

If you own stock in a corporation that goes bankrupt, you ______.Multiple choice question.are personally liable for the corporation's debt have the same liability as you would had you invested the same amount in a partnership or sole proprietorshiponly stand to lose what you paid to buy the stockhave unlimited liability

Which of the following types of firms have limited liability?a.Partnerships (general) and corporationsb.Sole tradersc.Corporationsd.Partnerships (general)e.Joint Venture