Question

a company enjoys perpetual existence justify the statement

Answer 1

Answer:

When we say that a company has perpetual existence we mean its continuity is not affected by the change in its membership. Perpetual succession means that the members may come and go but the company will go on forever. The death, insanity, bankruptcy of members will not affect the existence of the company. This also justifies the concept of going concern.

PLEASE MARK IT AS BRAINLIEST..

PLEASE PLEASE PLEASE PLEASE PLEASE..

Explanation:

Answer 2

Answer:

a company has continuous existence independent of its members.Death, insolvency etc of members has no effect on the life of a company.The life of a company can come to an end only through the prescribed legal procedure.

this is known as perpetual existence or succession..

hope it's helpful

PLZ mark as brainliEsT