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Message: <blockquote data-quote="sandun36" data-source="post: 15069107" data-attributes="member: 166735">4. A company is a legal person:If there is a registered company (not either a sole trader or a partnership) it has a legal personality. i.e.: company is considered as a separate entity from its owners/ share holders, in-front of the law. e.g.: in a case of liquidation/ bankruptcy of the company owners liability is limited & no requirement to pay for any loss made by the company using personal wealth of owners.    1. Invitation to treat -Invitation to treat can be taken as a mere advertising on a product or service telling that some benefits are expected through a purchase.But it is not a contract since the person who is hearing or seeing the thing has not paid any dedication from his side to make it a contract at the point of invitation.</blockquote>

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