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.
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