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A Company is called an artificial person because

This question belongs to Commerce Business And Commerce
Business and Commerce
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A Company is called an artificial person because _________.

Answer & Solution
Correct Answer: Option C
A Company is called an artificial person because It is invisible and intangible. Corporation is an artificial being, invisible, intangible and existing only in contemplation of law. It has neither a mind nor a body of its own.
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2 Comments
Suman Majumder
Suman Majumder 2 years ago
It exists only in contemplation of law
Correct option is D)
The incorporation of a company is an artificial entity recognized by the law as a legal person that exists independently with rights and liability. This means that a company is treated as a separate person from its participants. It is owned by at least one shareholder and managed by at least one director.
Kanhaiya Lal
Kanhaiya Lal 4 years ago
It exists only in contemplation of law
Correct option is D)
The incorporation of a company is an artificial entity recognized by the law as a legal person that exists independently with rights and liability. This means that a company is treated as a separate person from its participants. It is owned by at least one shareholder and managed by at least one director.
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