Characteristics of a Company Questions

Match List-I with List-II:List-I (Feature)List-II (Description)(A) Separate Legal Entity(I) A company being a legal person can enter into contracts and can enforce the contractual rights against others.(B) Perpetual Succession(II) It can hold and deal with any type of property, it can enter into contracts and even open a bank account in its own name.(C) Common Seal(III) The company being an artificial person created by law continues to exist irrespective of the changes in its membership.(D) May Sue or be Sued(IV) The company being an artificial person, cannot sign its name by itself.Choose the correct answer from the options given below:

Choose the wrong statements about a joint-stock company:(A) A company is an artificial person.(B) The company's shares are generally transferable.(C) Shareholders of a company are liable for the acts of the company.(D) Every member of a company is entitled to take part in its management.Choose the correct answer from the options given below: