Question

State with reasons whether the following statements are True or False.

Government companies enjoy legal status.

Answer 1

Government Company enjoys legal status- True

Explanation:
The above statement is correct. A government company is a separate legal entity and, thus, enjoys legal status. In other words, a government company is different from the government. This implies that it can hold properties in its own name and enter into contracts. Moreover, it can sue others and can be sued by others.