A company is created by law. Though, it has no body and no conscience, it still exists as a person, having a distinct personality of its own. Because like a human being it can buy, sell and own property, sue others, be sued by others.
Identify the feature of Joint Stock Company mentioned above.
Identify the feature of Joint Stock Company mentioned above.
Answer & explanation
Correct answer: option 3
Artificial person: A company is created by law. Though, it has no body and no conscience, it still exists as a person, having a distinct personality of its own. Because like a human being it can buy, sell and own property, sue others, be sued by others, its called as an artificial person.