video 21 BUSINESS ADMINISTRATION Sample Question Paper for Class 11 2025-26 question 2
Question: Identify the related feature of a company, "its Assets and liabilities are separate from those of its owners." (a) Artificial person (b) Perpetual succession (c) Common seal (d) Separate legal entity **Explanations:** - **Artificial person**: Incorrect. This means the company is treated like a person in law, but it doesn’t directly explain separation of assets. - **Perpetual succession**: Incorrect. This refers to the company continuing even if members change or die. - **Common seal**: Incorrect. This is the official stamp of the company, not related to ownership of assets. - **Separate legal entity**: Correct. A company’s assets and liabilities are distinct from those of its owners. **Right Answer:** d) Separate legal entity --- **Question:** What happens if a minor is admitted to the benefits of a partnership? (a) H...