A joint stock company is an artificial person, created by law having a separate legal existence with a perpetual succession and

Question

Arte-miy333 [17]

3 years ago

13

A joint stock company is an artificial person, created by law having a separate legal existence with a perpetual succession and

a common seal. justify?

Business

1 answer:

Reika [66] · Answer 1 · 2022-11-09T08:52:40+03:00

Answer: See explanation

Explanation:

joint-stock company is a business that is being owned by its investors, such that the share owned is based on the stock that been bought.

In a joint stock company, it should be noted that the members are liable for the debts of the company only based on the extent of the amount that they've contributed.

At least one shareholder owns the joint stock company and it's managed by at least one director. In the case of death or disability, the life of the company won't be affected which indicates the perpetual succession.