Question : ‘A company is a person, artificial, invisible, intangible and existing only in the eyes of law. Being a mere creation of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence’ This definition is given by?
Option 1: Chief Justice Manon
Option 2: Keyness
Option 3: Chief Justice Marshal
Option 4: Companies Act, 2017
Correct Answer: Chief Justice Marshal
Solution :
A company is a person, artificial, invisible, intangible, and existing only in the eyes of law. Being a mere creation of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence’ This definition is given by Chief Justice Marshal.
Hence, the correct answer is option 3.
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