13:34
but also you don't need to tell them anything so lol
Warning
Info
LSDefine
Simple English definitions for legal terms
legal person
Read a random definition: avoidable
A quick definition of legal person:
A legal person is a term used in law to describe an entity, whether it is a human or non-human, that is treated as a person for certain legal purposes. This means that they can own property, enter into contracts, and sue or be sued. In business law, legal person is used to refer to corporations, partnerships, and other types of business organizations. In election law, legal personhood has been upheld for corporations that want to contribute to political campaigns.
A more thorough explanation:
A legal person is an entity, either human or non-human, that is recognized as a person for certain legal purposes. This means that they have some of the same rights and responsibilities as a human being, such as the ability to own property, enter into contracts, and sue or be sued.
- Businesses: Corporations, partnerships, and limited liability companies are all examples of legal persons in the context of business law. This means that they can enter into contracts, own property, and be held liable for their actions.
- Non-profit organizations: Non-profit organizations are also considered legal persons, which allows them to own property, enter into contracts, and receive donations.
- Government entities: Government entities, such as cities or states, are also considered legal persons for certain legal purposes.
For example, if a corporation enters into a contract with another company, it is treated as a legal person and can be held liable if it breaches the contract. Similarly, if a non-profit organization owns a building, it is treated as a legal person and can be held liable if someone is injured on the property.