To which of the following the 'Fiction theory' is associated with?
- (a)Abnormal Persons
- (b)Supernatural Persons
- (c)Corporate personality✓
- (d)Dead persons
Ans. (c) : Corporate personality
Explanation: The Fiction theory is associated with corporate personality. According to law, a corporation is an artificial person. It has the capacity to enjoy rights, fulfill its duties, and hold property. Therefore, the concept of corporate personality is a unique creation of law.