Question

ueslig
15/22
Which characterstic of a company states that
the existence of a company is not affected by
the coming and going of the members?
O Common seal
O Perpetual succession
O Unlimited laibility
O
None of the above​

Answer 1

Perpetual succession

In company law, perpetual succession is the continuation of a corporation's or other organization's existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member, or any transfer of stock, etc.

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