"ALTHOUGH COMPANY IS AN ARTIFICIAL PERSON , IT CAN STILL OWN PROPERTY AND ENTER INTO CONTRACTS ." DEFEND OR REFUTE.
class11 Commerce.
Subject :- business studies.
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Answer:yes a company can own property and enter into contracts. All the asset used for the activities of the business is according to the law considered as owned by company. The company can file suit against third party and shareholders. Similarly they can also file suit against company.
Explanation:
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