Which one of the following does not have perpetual succession?

Company

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Statutory Corporation

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Sole Proprietorship

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Co-operative Society

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Solution

The correct option is C Sole Proprietorship
Perpetual succession means continuous without any stoppage. In case of a sole proprietorship there is only one person and the business comes to and end if the owner dies because he is the only owner. Hence, sole proprietorship does not have perpetual succession.

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