Answer:
One feature of a corporation is that it can continue indefinitely beyond the lives of individual managers and stockholders of the corporation. This is called perpetual life or succession.
Step-by-step explanation:
Perpetual life or succession of a corporation refers to the continuation of a corporation's or other organization's existence notwithstanding the death, bankruptcy, insanity, change in membership or exit from the business of any owner or member, or any transfer of ownership. This makes the corporation to be a safer and more stable platform for investors. The perpetual life of the corporation also raises the chances that the investors will receive returns on their money over an indefinite period of time.