Question: Briefly explain the difference between a no liability company and a company limited by guarantee. Make sure that you explain in y our own words

Briefly explain the difference between a "no liability company" and a "company limited by guarantee". Make sure that you explain in y our own words and refer to any relevant case law and sections from the Cornorations Act 2001 (Cthl.

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.