Our site uses cookies. Some of the cookies we use are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but parts of the site will not work. To find out more about cookies on this website, see our Cookie Policy

Your browser does not appear to have javascript enabled. This page needs JavaScript activated to work properly. Please enable javascript or choose a different browser (Chrome or Safari)

This test is run by .
Note that your final mark will not be saved in the system.

Banks and risk Categorise

Target Level

Running Total

Attempt

1 of 1

Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.

Identify which phrases relate to limited liability and which relate to unlimited liability

LIMITED LIABILITY

UNLIMITED LIABILITY

Ltd

Sole trader

Private limited company

Owner has no separate legal identity from business

Owner's personal possessions at risk

Owner liable for debts

Owner's possessions not at risk

Public limited company

Partnership

plc

This is your 1^st attempt! You get 1 marks for each one you get right first time. Good luck!

Pass Mark

70%