Question

A joint stock company is an Artificial pepon created by ________.
a) law
b) public
c) directors

Answer 1

Answer:

The correct answer for this fill in the blank is option c, i.e. directors.

Explanation:

In usual cases Any company which is created by Artificial person is done by law. But that law usually applies to limited companies where legal existence tends to separate the management with its members at hand. In such a case, the directors and members are just agents of the company who are not associated with the business systems. However, in this case since joint stock companies do not get this unlimited liability, therefore that changes its status. From law to directors.

Answer 2

Answer:

c) directors

Explanation:

A joint stock company is an Artificial pepon created by ________.

a) law

b) public

c) directors ✓