Question 9
Business UnitsA public limited company has the rights and duties of an individual because it
- A.has a board of directors
- B.has a trading certificate
- C.has corporate status
- D.has a memorandum of association
- E.is so stated in articles of association
Show the answer and explanation
Answer: C (has corporate status)
Explanation
Incorporation gives the company a separate legal personality, so it can own property, sue and be sued like a person.