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Consider the following statements about ...

Consider the following statements about a joint-stock company :
1. It has a legal existence.
2. There is limited liability of shareholders.
3. It has a democratic management.
4. It has a collective ownership.
Which of the statements given above are correct?

A

1 and 2 only

B

1, 2 and 3 only

C

3 and 4 only

D

1, 2, 3 and 4

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