Financial and Management Accounting

1: Which of the following statements is not correct?
A.
Law creates a company and law only can dissolve it.
B.
Company's existence is altogether independent of the life of its members.
C.
A company can buy its shares under certain conditions.
D.
A shareholder can incur any debt so as to bind the company.
 

Answer : D

Explanation :

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Option: A

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