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Which firm is called invisible and intangible?
20. Which firm is called invisible and intangible?
- Partnership
- HUF
- Company
- Co-Operative Society
Answer: C) Company
Explanation:
A Company is called an artificial person because It is invisible and intangible. The 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.