Which of These Is Not a Consequence of the Status

question 39

Multiple Choice

Which of these is not a consequence of the status of a company as a separate legal entity?

• A)The right to retain profits.
• B)The obligation to pay taxation.
• C)The right to enter into contracts in its own name.
• D)None of the above, i.e., all are consequences of the status of a company as a separate legal entity.

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Definitions:

Compensatory Damages

Financial compensation awarded to a plaintiff to offset losses or injuries that have occurred due to the defendant's actions.

Cross-Examine

The questioning of a witness by the party opposing the one who initially called the witness to testify, aiming to challenge their testimony or credibility.

Natural Justice

The legal principles ensuring fairness in the decision-making processes, including the right to a fair hearing and the rule against bias.

Lawyer

A professional who is qualified to offer advice about the law or represent someone in legal matters.