Consider the following statements about a joint-stock company:_x005F_x000D_ 1. It has a legal existence._x005F_x000D_ 2. There is limited liability of shareholders._x005F_x000D_ 3. It has a democratic management._x005F_x000D_ 4. It has a collective ownership._x005F_x000D_ Which of the statements given above are correct?

Consider the following statements about a joint-stock company:_x005F_x

1.	Consider the following statements about a joint-stock company:_x005F_x000D_ 1. It has a legal existence._x005F_x000D_ 2. There is limited liability of shareholders._x005F_x000D_ 3. It has a democratic management._x005F_x000D_ 4. It has a collective ownership._x005F_x000D_ 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
Answer» E.