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Question
A joint stock company is a ______ association of certain persons formed to carry out a particular purpose in common.
Options
voluntary
corporate
legal
liable
MCQ
Fill in the Blanks
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Solution
A joint stock company is a voluntary association of certain persons formed to carry out a particular purpose in common.
Explanation:
A joint stock company is formed when members agree to work together and pool their resources to pursue a shared objective or purpose. This element of free will in establishing the corporation distinguishes it as a voluntary association.
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