Question

Define company . explain the characteristics of company.

Answer 1

A company can be defined as an incorporate association that's created through law, which contains a separate identity of it's own,a common seal, capital that carries a limited sort of a liability.

Characteristics of a company include:-

1- Separate legal entity
2- Limited Liability
3- Perpetual Succession
4- Separate Property
5- Transferability of Shares
6- Common Seal
7- Separate Management

Hope this helps!!!

Answer 2

Answer:

A company can be defined as an incorporate association that's created through law, which contains a separate identity of it's own,a common seal, capital that carries a limited sort of a liability.

Explanation:

Characteristics of a company include:-

1- Separate legal entity

2- Limited Liability

3- Perpetual Succession

4- Separate Property

5- Transferability of Shares

6- Common Seal

7- Separate Management