Characteristics of a company is/are _______.

Capacity to sue and be sued

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Limited Liability

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Optional common seal

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All of the above

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Solution

The correct option is B All of the above
The following are the characteristics of a company:
1. Separate Legal Entity
2. Limited Liability
3. Perpetual Succession
4. Separate Property
5. Transferability of Shares
6. Common Seal
7. Capacity to sue and be sued
8. Separate Management

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