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“Company is an artificial person.” How? - Business Studies

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प्रश्न

“Company is an artificial person.” How?

लघु उत्तरीय
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उत्तर

A company is an artificial person created by law. It exists independent of its members. Although it lacks the ability to breathe, eat, talk, or run, an artificial person can engage in contracts, possess property, incur debts, and be sued, just like a real person.

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अध्याय 17: Various Business Entities - QUESTION BANK [पृष्ठ २५६]

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गोयल ब्रदर्स प्रकाशन Business Studies [English] Class 12 ISC
अध्याय 17 Various Business Entities
QUESTION BANK | Q 2. | पृष्ठ २५६
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