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LSDefine

Simple English definitions for legal terms

artificial person

Read a random definition: liquidating partner

A quick definition of artificial person:

An artificial person is a type of legal entity that is not a real person, but is recognized by the law as having certain rights and responsibilities, just like a real person. This can include businesses, organizations, and other groups that are established under the law and have a legal name.

A more thorough explanation:

An artificial person, also known as a juridical person, is a legal entity that is not a natural person but is recognized by law as having certain rights, protections, privileges, responsibilities, and liabilities. In simpler terms, an artificial person is a non-human entity that has legal status and can enter into contracts, own property, and sue or be sued in court.

Examples of artificial persons include:

These entities are recognized as separate from their owners or members and can conduct business, enter into contracts, and own property in their own name. For example, a corporation can enter into a contract to purchase a building, and the contract would be between the corporation and the seller, not the individual shareholders of the corporation.

Overall, an artificial person is an important concept in business and legal contexts, as it allows for the creation of legal entities that can operate independently of their owners or members.

artificial intelligence (AI) | artisan's lien

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General chat about the legal profession.
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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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