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Introduction to Dissolution

A Joint Stock...

Question

A Joint Stock Company has ___________life.

A

short

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B

limited

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C

continuous

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D

none of these

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Solution

The correct option is C continuous
A joint stock company has a continuous life. It implies death, insanity, insolvency or retirement of any of its shareholders, owners, board of directors or employees cannot lead to the closure of company. Company can run for a longer period of time.

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