To determine which of the options is not a characteristic of a company, let's analyze each of the given choices:

1. **Perpetual succession**: This is a characteristic of a company, meaning that the company continues to exist even if the ownership changes or if members leave.

2. **Common seal**: A common seal is used by companies to execute documents; it is a characteristic of many companies, especially in certain legal jurisdictions.

3. **Unlimited liability**: This is not a characteristic of a company. In a company, liability is typically limited to the amount unpaid on shares held by shareholders (limited liability).

4. **Transferability of shares**: This is a characteristic of a company, allowing shareholders to sell or transfer their shares to others easily.

### Final Answer
The option that is not a characteristic of a company is **c) Unlimited liability**.

Question

To determine which of the options is not a characteristic of a company, let's analyze each of the given choices:

1. **Perpetual succession**: This is a characteristic of a company, meaning that the company continues to exist even if the ownership changes or if members leave.
  
2. **Common seal**: A common seal is used by companies to execute documents; it is a characteristic of many companies, especially in certain legal jurisdictions.

3. **Unlimited liability**: This is not a characteristic of a company. In a company, liability is typically limited to the amount unpaid on shares held by shareholders (limited liability).

4. **Transferability of shares**: This is a characteristic of a company, allowing shareholders to sell or transfer their shares to others easily.

### Final Answer
The option that is not a characteristic of a company is **c) Unlimited liability**.

Knowee AI · Accepted Answer

To determine which of the options is not a characteristic of a company, let's analyze each of the given choices:

1. **Perpetual succession**: This is a characteristic of a company, meaning that the company continues to exist even if the ownership changes or if members leave.
  
2. **Common seal**: A common seal is used by companies to execute documents; it is a characteristic of many companies, especially in certain legal jurisdictions.

3. **Unlimited liability**: This is not a characteristic of a company. In a company, liability is typically limited to the amount unpaid on shares held by shareholders (limited liability).

4. **Transferability of shares**: This is a characteristic of a company, allowing shareholders to sell or transfer their shares to others easily.

### Final Answer
The option that is not a characteristic of a company is **c) Unlimited liability**.

Which of the following is not a characteristic of a company?a) Perpetual successionb) Common sealc) Unlimited liabilityd) Transferability of shares

Question

Which of the following is not a characteristic of a company?

Solution

Final Answer

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