The correct answer is: D. It exists only in contemplation of law.
A company is an artificial person because it is a legal entity that is created by law. It does not have a physical body, but it can own property, enter into contracts, and sue and be sued. A company is also subject to the laws of the country in which it is incorporated.
Option A is incorrect because a company can have a physical shape. For example, a company’s headquarters may be a building or a group of buildings.
Option B is incorrect because a company can be used in the court of law. For example, a company can sue another company or an individual.
Option C is incorrect because a company is not invisible or intangible. A company has a legal existence and can be identified by its name, address, and other identifying information.
I hope this helps! Let me know if you have any other questions.