Question

Although company is an artificial person it can still own property and enter in to contract s .defend or refute give an illustration

Answer 1

Answer:We refute with this statement as a company is an artificial person.it can own property and enter into contract.all the assets used for the activities of the business is according to the law considered as owned by the company. the company can file case aginst third party and shareholders. similarly, the third party and shareholders can file suit against the company.a company can enter into contract with third party also.