Maharashtra State BoardHSC Commerce 12th Board Exam
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Write a Word Or a Phrase Or a Term Which Can Substitute the Following. an Artificial Person Created by Law. - Organisation of Commerce and Management

One Line Answer
One Word Answer

Write a word or a phrase or a term which can substitute the following.
An artificial person created by law.

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Solution

An artificial person created by law- Joint Stock company.
Explanation:
A joint stock company is created as a separate legal entity. It is independent of its members. It cannot be seen physically, but it has a name, it uses the common seal in place of its signature and it can enter into contracts.

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Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
Write a word or a phrase | Q 8 | Page 38
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