MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Admission of New Partner

A is an artif...

Question

A ___________ is an artificial person created by law with a perpetual succession and a common seal.

A

Company

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Partnership firm

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Sole Proprietorship

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Hindu Undivided

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Company
A company is an artificial person created by law. It has its own common seal.
It has its own perpetual succession. It can sue and be sued by and in its own name.

Suggest Corrections

thumbs-up

1

Similar questions

Q. Explain the following terms in brief.
(a) Perpetual succession
(b) Common seal
(c) Artificial person

Q. "It is said to be an artificial person created by law, having a separate entity with perpetual succession and common seal". What is it? Elaborate up highlighted features.
Explain the legal effect and significance of the 'Certificate of Incorporation' in the life of a Joint stock company. State any two privileges of a private company under the Companies Act, 2013.

Explain the following terms in brief

(a) Perpetual succession

(b) Common seal

(c) Karta

(d) Artificial person

Q. Briefly explain the following terms in brief.

(a) Perpetual succession

(b) Common seal

(c) Karta

(d) Artificial person

Q. "It is said to be an artificial person created by law, having a separate entity with perpetual succession and common seal". What is it? Elaborate up points lighted features:
"Banking is much more than merely exchanging money. Modern commercial banks also offer an array of unconventional allied services to its business clients." Enunciate the statement highlighting at least five of such services.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Admission of a Partner

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Admission of New Partner

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon