Question : A company has ____.
Option 1: Separate legal entity
Option 2: Perpetual existence
Option 3: Limited liability
Option 4: All of the above
Correct Answer: All of the above
Solution : Answer = All of the above
A company may be defined as an incorporated association, which is an artificial person having an independent legal entity with perpetual succession, a common seal, a common comprised of transferable shares, and carrying limited liability. Hence, the correct answer is option 4.




