23:39
you all are so sweet
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Simple English definitions for legal terms
persona moralis
Read a random definition: commerce
A quick definition of persona moralis:
Term: PERSONA MORALIS
Definition: Persona moralis is a Latin term that means "moral person." It refers to an organization or group of people that has legal rights and responsibilities, just like an individual person. This can include businesses, non-profit organizations, and government entities. Essentially, it is a way to recognize that a group of people can act as a single entity in legal matters.
A more thorough explanation:
PERSONA MORALIS
Persona moralis is a Latin term that refers to a legal entity or an organization that has rights and obligations, such as a corporation, a non-profit organization, or a government agency. It is a legal concept that recognizes that an organization can act as a single entity, separate from its members or shareholders.
- A corporation that sells products or services
- A non-profit organization that provides charitable services
- A government agency that regulates industries
These examples illustrate how a persona moralis can have legal rights and obligations, such as the ability to enter into contracts, sue or be sued, and own property. They also show how an organization can act as a separate entity from its members or shareholders, allowing it to conduct business and make decisions on its own behalf.