2007-03-28 08:27:52 · 3 answers · asked by oops ok! 3 in Politics & Government ➔ Law & Ethics
Means that you are talking about a warm body (and possibly about what one owns or can own) rather than a corporation or other legal entity.
2007-03-28 08:32:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are two types of person in English law: natural persons and legal persons. You and I are both natural persons, i.e. individuals. If, however, we set up a company together, the company would be a legal person and we would be acting in the name of the company in carrying out corporate transactions, not as ourselves. The real reason for deeming a company to be a person is that in this way the company can be prosecuted for criminal offences or sue and be sued in civil courts.
2007-03-28 08:37:24 · answer #2 · answered by Doethineb 7 · 0⤊ 0⤋
Natural legal personality as opposed to a limited company for example which has a legal personality of its own, meaning the company can sue and be sued in its own right - with any damages it may incurr being restricted to company money, rather than the personal money of its directors.
2007-03-28 08:36:19 · answer #3 · answered by huvgj 2 · 0⤊ 0⤋