Question

A co operative society is a special type of business organization different from other forms of business organization in the light of the statement discuss the characteristics of co operative society​

Answer 1

Answer:

Hence a cooperative society has a separate identity and it is distinct from its members. Due to separate identity, the society can enter into contracts and hold property in its name, sue and be sued by others. Similarly, it is not affected by the entry or exit of its members.08-Aug-2019