Multiple choice

A joint stock company is an artificial legal person and can enter in to partnership if it is authorized by its memorandum of association

  1. True

  2. False

  3. Partly true

  4. Cannot say

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A joint stock company is an artificial legal person created by law and can enter into a partnership if authorized by its memorandum of association. The memorandum defines the company's objectives and powers, so partnership must be within its authorized objects. This allows companies to collaborate in business ventures while staying within their legal framework.