Advertisements
Advertisements
Question
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.
Options
Only I is correct.
Only II is correct.
Both I and II are correct.
Both I and II are wrong.
MCQ
Advertisements
Solution
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.
shaalaa.com
Is there an error in this question or solution?
