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What is the legal basis for a company's ability to enter into contracts, own property, and sue or be sued in its own name?
  • a)
    Limited Liability
  • b)
    Delegated Management
  • c)
    Separate Legal Entity
  • d)
    Transferable Shares
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the legal basis for a company's ability to enter into contract...
The legal principle of "Separate Legal Entity" grants a company the ability to enter into contracts, own property, and engage in legal actions in its own name. This concept treats the company as a distinct legal person with rights and responsibilities separate from its members.
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What is the legal basis for a company's ability to enter into contracts, own property, and sue or be sued in its own name?a)Limited Liabilityb)Delegated Managementc)Separate Legal Entityd)Transferable SharesCorrect answer is option 'C'. Can you explain this answer?
Question Description
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