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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


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 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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