Match List I with List II

Choose the correct answer from the options given below:

A-II, B-IV, C-I, D-III

The correct answer is option (3) - A-II, B-IV, C-I, D-III

Here's why:

• A. One man, one show: This refers to a sole proprietorship (II), where one person owns and operates the business and has unlimited liability.
• B. Artificial person: This refers to a joint stock company (IV), which is a separate legal entity from its shareholders and has limited liability for them.
• C. Existence of Ancestral property: This refers to a Hindu Undivided Family (I), which is a special legal entity formed by members of a Hindu family with shared ancestral property and liabilities.
• D. Unlimited Liability: This refers to a partnership (III), where each partner has unlimited liability for the business's debts and obligations.