Question

4 points
26. In what type of business,
individuals associate
voluntarily for profit, having
capital dividend into
transferable shares, the
ownership of which is the
condition of membership?
Explain with features.
*​

Answer 1

Answer:

According to Prof. Haney, “Joint stock Company is a voluntary association of individuals for profit, having a capital divided into transferable shares, the ownership of which is the condition of membership.” can own property, make contracts and file suits in its own name.