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प्रश्न
Statement I: A company is an artificial person created by law having no physical body of a natural human being.
Statement II: A company can’t exist in the contemplation of law.
विकल्प
Only I is correct.
Only II is correct.
Both I and II are correct.
Both I and II are wrong.
MCQ
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उत्तर
Only I is correct.
Explanation:
Statement I is correct because a company is an artificial person, which means it is established by law. It does not have the physical body of a real human being, but it has the same legal rights and duties.
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