Question

Gautam a grocery store owner, has won a lottery of Rs.1,00,000. His friend, Yash suggested

him to invest this money in the shares of Progressive Ltd. As he too is the shareholder of this

company. But Gautam wants to invest this money for expansion of his business after a period of 2

years. Yash tries to convince Gautam by saying that he can easily sell his shares in the market and

convert them into cash when need arises. Name the merit of Progressive Ltd highlighted in the

above para. (1)

(a) Limited Liability

(b) Transfer of Interest

(c) Perpetual Existence

(d) Professional Management​

Answer 1

Answer:

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