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Can a company buy and sell properties, enter contracts, sue and can be sued in its own name? Why? - Business Studies

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Question

Can a company buy and sell properties, enter contracts, sue and can be sued in its own name? Why?

Very Short Answer
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Solution

Yes, because the company exists as a separate entity from its members.

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Chapter 17: Various Business Entities - EXERCISES [Page 255]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 17 Various Business Entities
EXERCISES | Q I. C. 16. | Page 255
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