Question

The main purpose of the corporation sole is to ______.

• A. Make the property easily inheritable
• B. Make the property easily transferable
• C. Maintain continuity of an office
• D. Protect the property of the State

Answer 1

Answer: (C)

Maintain continuity of an office

The sole purpose of the corporation is to maintain the continuity of an office. Till it is in continuation its all others purposes like maximizing profit, increase in shareholders wealth can be achieved.