Companies, unlike sole traders and partnerships, have perpetual existence.

Name: Companies, unlike sole traders and partnerships, have perpetual existence.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Companies have perpetual existence, which means that their existence is not affected by the death, retirement, or insolvency of any of their members. They can continue to exist and operate even if their shareholders or directors change.

Companies, Unlike Sole Traders and Partnerships, Have Perpetual Existence