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Which of the ...

Question

Which of the following is/are the characteristics of a company?
(1) Limited Profit
(2) Corporate Personality
(3) Limited Succession

Select the correct answer from the options given below:

A

(1) only

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B

(2) & (3) only

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C

(3) only

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D

(2) only

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Solution

The correct option is C (2) only
The following are the characteristics of a company:
Separate Legal Entity
Limited Liability
Perpetual Succession
Separate Property
Transferability of Shares
Common Seal
Capacity to sue and being sued
Separate Management
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