Question

Justify A joint stock company is an artificial person

Answer 1

Hey there here's your answer.

A joint company is an artificial person because it is the creation of law and can be brought to an end by the law . Just like a normal person joint stock company can enter into contract, own a land can sue other company or can be sued but cannot eat , smell , walk etc.

I hope this helped you.

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Answer 2

Explanation:

1) When company gets incorporated, it receives independent Statutory status.

2) It is created by a legal process, has it's own independent personality and no physical existence.

3) It enjoys certain legal rights like a person.

eg. Ener into contacts, appoint person as an employee etc.

4) All the management and administration is done by Board of directors but it cannot a t like a natural person.

Therefore it is called as an artificial person.

Hope this helps you.