Question

3. Lord Justice Lindley description of a company gives a weightage to?
(A) Money
(B) Stock
(C) association of person
(D) both A and B
State the nercentage for partners to take membership in other trade activities?​

Answer 1

Explanation:

option d..... I think ....

Answer 2

Complete Question

Lord Justice Lindley's description of a company gives a weightage to?

(A) Money

(B) Stock

(C) association of person

(D) both A and B

Answer:

(D) both A and B

Explanation:

According to  Lord Justice Lindley, "A company is a group of many people who provide money or monetary value in common stock and use it for a common purpose. The people who contribute to or own it is members. The  capital share by each member is  his share in proportion”

Under the Company Act, The law gives a company a legal personality with legal inheritance and a common seal.

In his description, the main weightage is for money and stocks.

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