Legal personality recognised for artificial juridical persons and purposes, enabling rights and duties distinct from natural persons. An artificial juridical person is an entity not a natural person but recognised by law as a distinct subject bearing rights, entitlements, liabilities and ... Summary
Legal personality recognised for artificial juridical persons and purposes, enabling rights and duties distinct from natural persons.
An artificial juridical person is an entity not a natural person but recognised by law as a distinct subject bearing rights, entitlements, liabilities and duties. The law personifies a corpus-such as a corporation or an institutional purpose-so that juridical personality enables legally enforceable relationships. Where personality is conferred for a specific purpose, legal personality vests in that purpose rather than in the physical form, as illustrated by recognition of an idol's underlying worship purpose and by corporate or municipal bodies.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
