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1)Which of the following differs between limited company and partnership?
A.The ability to create change over business assets.
B.The right of members to examine the annual accounts.
C.The business ability to mortgage business assets.
Is it C?2.Which of the following statements regarding public and private companies is correct?
A .An unlimited company must be a private company.
B.A public company must have atleast 2 members.
C.A private company may just have one director.
Answer-APartnerships (a collection of individuals) are not able to pledge their assets to secure a floating charge. They are able to secure a fixed charge over those assets
A limited company can secure assets by both fixed and floating charges so I believe that the answer must be option A
As for question 2, you have me beaten!
Unless you have typed the question incorrectly, I believe that all 3 options are correct!
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