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Question
Like a company, a cooperative society is also a separate ______.
Fill in the Blanks
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Solution
Like a company, a cooperative society is also a separate legal entity.
Explanation:
A cooperative society is considered a separate legal entity because the law recognizes it as an independent organization with rights and responsibilities similar to those of a company.
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Chapter 5: Ownership Structures - Cooperative Society - QUESTION BANK [Page 66]
