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    Question

    Perpetual succession exists:

    A in an LLP Correct Answer Incorrect Answer
    B in a Partnership firm Correct Answer Incorrect Answer
    C in an LLP as well as a Partnership firm Correct Answer Incorrect Answer
    D in a company and an LLP Correct Answer Incorrect Answer
    E in a company, an LLP and also in some cases with a partnership firm. Correct Answer Incorrect Answer

    Solution

    The Concept of perpetual succession is an exclusive feature of companies and is also found in an LLP. As, the concept of LLP has some features like that of a company, for ex. Perpetual succession, common seal, legal personality etc.

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