Forms of Business Organisation — Business Studies STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesForms of Business Organisation1 Mark
Question
Why is a company called an artificial person?
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Answer
Like natural persons, a company can enter into contracts, buy or sell property, can sue or be sued. But it cannot breathe, eat, run, talk, etc like a natural person. Therefore, it is called an artificial person.
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