[填空题]
{{B}}PART ONE{{/B}}
·Look at the statements below and the five
extracts about companies.
·Which extract (A, B, C, D or E) does
each statement (1-8) refer to
·For each statement (1-8), mark
one letter (A, B, C, D or E) on your Answer Sheet.
·You will
need to use some of these letters more than once.
A Separate Legal Entity
A unique feature of a
company is that, no matter how many individuals have bought shares in it, it is
treated in its dealings with the outside world as if it was a person in its own
right. It is said to be a separate legal entity. Just as the law can create this
separate legal person, the law also can eliminate it, but its existence can only
be terminated by using the proper legal procedures.
Thus, the
identity of the shareholders in a large concern may be changing constantly as
shares are bought and sold by different people. On the other hand, a small
private company may have the same share