Match List-I with List-II List-I List-II (A) Separate Legal Entity (I…

The correct answer is Option (1) → (A)-(II), (B)-(III), (C)-(IV), (D)-(I)

A company is an artificial person created by law. Each feature in List-I follows from that, and each List-II line describes one of them.

(A) Separate Legal Entity — this matches (II) It can hold and deal with any type of property. It can enter into contracts and even open a bank account in its own name. Being distinct from its members, the company owns property and opens accounts in its own name.

(B) Perpetual Succession — this matches (III) The company being an artificial person created by law continues to exist irrespective of the changes in its membership. Members may die, sell their shares or go insolvent; the company goes on until the law ends it.

(C) Common Seal — this matches (IV) The company being an artificial person, cannot sign its name by itself. So it uses its seal as its official signature on documents.

(D) May Sue or be Sued: — this matches (I) A company being a legal person can enter into contracts and can enforce the contractual rights against others. As a legal person it can go to court in its own name, and others can take it to court.