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Commerce · Q645

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 645

Q645

Which of the following are characteristics of a company?

A.
It has unlimited liability
B.
It exists only in contemplation of law
Answer
C.
It has not a perpetual succession
D.
It comes to an end on the death of all its members

Answer: Option B

Solution

Answer: Option B
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