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A Company is called an artificial person because _________.
- AIt does not have the shape of a natural person
- BIt cannot be used in the court of law
- CIt is invisible and intangible
- DIt exists only in contemplation of law
Correct answer: C
Discussion 1
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CCommunity
It is invisible and intangible
A Company is called an artificial person because It is invisible and intangible. Corporation is an artificial being, invisible, intangible and existing only in contemplation of law. It has neither a mind nor a body of its own.
A Company is called an artificial person because It is invisible and intangible. Corporation is an artificial being, invisible, intangible and existing only in contemplation of law. It has neither a mind nor a body of its own.