Question : An artificial person created by law is called
Option 1: Sole tradership
Option 2: Partnership
Option 3: Company
Option 4: All of the above
Answer (1)
24th Jan, 2024
Correct Answer: Company
Solution : Answer = Company
An artificial person created by law refers to a company. Unlike sole traderships and partnerships, which are business structures formed by individuals, a company is a separate legal entity established under the law. It has rights, responsibilities, and liabilities distinct from its owners, making it an independent legal entity. A company is an artificial legal person enjoying a separate entity from its members.
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