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Question
Write a word or a phrase or a term which can substitute the following.
An artificial person created by law.
One Line Answer
One Word/Term Answer
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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.
shaalaa.com
Concept of Sole Proprietorship Or Sole Trader
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