A joint stock company enjoys perpetual existence because
ECONOMICS
WAEC 2023
A joint stock company enjoys perpetual existence because
- A. there is a higher degree of specialization
- B. it is a corporate entity
- C. it is formed by a minimum of seven members
- D. its shares are easily
Correct Answer: B. it is a corporate entity
Explanation
A joint stock company enjoys perpetual existence because it is a corporate entity. This means that the company is a legal person separate from its members. As a result, the company can continue to exist even if the members change or die.
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