BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Because of limited liability, a company is also able to take larger risks. This helps in making investment decisions easily. (c) Continuity of Existence: A company is an artificial person created by law and possesses independent legal status. It is not affected by the death, insolvency etc.

Detailed explanation-2: -Company is Juristic, artificial, legal person – A company is also called an artificial person or a legal person because it is registered under the company laws of India and is given a distinctive identity separate from the promoters or shareholders who own it.

Detailed explanation-3: -Corporations. A corporation is considered by law to be a unique entity, separate from those who own it. A corporation can be taxed, sued and enter into contractual agreements.

Detailed explanation-4: -2. Corporation Defined. – A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence. SEC.

Detailed explanation-5: -A company as an artificial person A company is called an artificial person by the law. It is called a legal person because it can enter into a contract, own property in its own name, sue and be sued by others, etc. In essence, it is not human, but it acts through human beings.