Limited liability can best be defined as the legal provision that "shields owners of a corporation from losing more than what they invested in a firm".
<u>Option:</u> C
<u>Explanation:</u>
Limited liability is basically where the monetary obligation of an individual is restricted to a fixed sum, most generally the amount of an investment of an individual in a business or partnership. If a limited liability corporation is sued then the plaintiffs sue the company, not its shareholders or investors.
Limited liability covers a proprietor so he or she can't lose more money than he or she has invested in a company. In other terms it refers to the amount of risk that an investor takes when investing in an organization.
The answer is they are treated like a god or royalty. In addition, the least three things that the Ibo do to get set for the feast are washing all the pots and pans, put clay on their homes and prepare the yams left over from the last yield.
