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Question Yusuf, David and Mike run a business called T Ltd., Yusuf is the only shareholder with
100%of shares. Business decisions are all made by Yusuf and David, but David and Mike
areinvolved in the day-to-day management of the business.Who would be liable if the business
goes into liquidation and is unable to pay its debts?
A)Yusuf because he is the only shareholder.
B)Yusuf and David because they made all the business decisions.
C)David and Mike because they dealt with the day-to-day management of the business.
D)No one would be responsible other than the company because the company has a separatelegal
personality.

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