Practicing Success
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. |
Voluntary association Limited Liability Artificial person Perpetual succession |
Artificial person |
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. |