Multiple Choice Questions on Which of the following is correct with respect to Bracket Theory of corporate personality ........ for Study NOtes Preparation

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Multiple Choice Questions

Which of the following is correct with respect to Bracket Theory of corporate personality ........

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    Which of the following is correct with respect to Bracket Theory of corporate personality?

    This theory is also known by name Symbolist Theory

    Incorrect Answer

    This theory says that the members of the corporation are the only persons who have rights and duties

    Incorrect Answer

    According to this theory, Juristic Personality is only a symbol which helps in effectuating the interest or the purpose of the group

    Incorrect Answer

    All are correct.

    Correct Answer
    Explanation:

    - Option 1: This statement is correct. The Bracket Theory is also known as the Symbolist Theory because it conceptualizes corporate personality as a symbolic representation.

    - Option 2: This statement is correct. The theory holds that only the individual members have rights and duties, not the corporation itself.

    - Option 3: This statement is correct. The theory posits that juristic personality is merely a symbol to facilitate group interests.

    - Option 4: All the listed options are correct.

    By: Parvesh Mehta
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