The business organisation which enjoys a separate legal existence is a___________.
Partnership firm
Joint stock company
Government organisation
None of these
A
Partnership firm
B
Joint stock company
C
Government organisation
D
None of these
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Solution
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A joint stock company has an independent status i.e. it has a separate legal entity from its members. It has an independent existence in the eyes of law and can also purchase and sell property in its own name.
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