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Home › Bihar Board Class 12 (Commerce) › Accountancy › Accounting for Share Capital › Why can a company sue and be sued in its own name?

Why can a company sue and be sued in its own name?

AIt is a partnership
BIt is a sole trader
CIt is a legal person
DIt is a private trust
Answer & Solution
Correct answer: C. It is a legal person
Being a legal person, the company can enforce contracts and be sued for breach in its own name.
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