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FC
Question Practice

What does the term 'perpetual succession' refer to in the context of companies?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Formation of a Company
Question Bank

What does the term 'perpetual ...

Single Answer MCQ
Q-00064834

What does the term 'perpetual succession' refer to in the context of companies?

1

The company ceases to exist after a member leaves.

2

The company remains in existence regardless of changes in ownership.

3

The company must renew its registration annually.

4

The company has a fixed lifespan of ten years.

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