Mgt211 GDB

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
regards,