Question

Feature(s) of a public corporation is/are_____________________.

• A. The primary motive of the corporation is to earn private profits.
• B. It cannot sue and cannot be used and cannot enter into contracts in its own name.
• C. Both (a) and (b)
• D. Neither (a) nor (b)

Answer 1

Answer: (D)

Neither (a) nor (b)

A public corporation is a combination of public ownership, public accountability and business management for public end.

A public corporation can also be defined as an organization that is clothed with the power of government but is possessed with the flexibility and initiative of private enterprise. Following are NOT the features of public corporation:

a) The primary motive of the corporation is to earn private profits.

b) It cannot sue and cannot be used and cannot enter into contracts in its own name.