Law Legal Juridical
In the common law tradition, only one person could have legal rights. In order for them to work, the legal personality of a company has been established to include five legal rights: the right to a common treasure or safe (including the right to property), the right to a corporate seal (i.e. the right to conclude and sign contracts), the right to sue (to enforce contracts). the right to hire agents (employees) and the right to enact laws (self-government). [19] A legal or legal person (Latin: persona ficta; also a legal person) has a legal name and has certain legal rights, protections, privileges, responsibilities and obligations, similar to those of a natural person. The concept of legal person is a fundamental legal fiction. It is relevant to the philosophy of law as it is essential for laws affecting a company (corporate law). Artificial personality, legal personality or legal personality is the characteristic of a non-living entity that legally has the status of personality. This legal term article is a heel.
You can help Wikipedia by expanding it. Partly on the basis of the principle that corporations are simply organizations of natural persons, and partly on the basis of the history of the legal interpretation of the word “person,” the U.S. Supreme Court has repeatedly ruled that certain constitutional rights protect corporations (such as corporations and other organizations). Santa Clara County v. Southern Pacific Railroad is sometimes quoted for this statement because the court reporter`s comments included a statement by the Chief Justice made before the hearing began, telling counsel during pre-trial preparation that “the court does not wish to hear arguments as to whether the provision of the Fourteenth Amendment to the Constitution, which prohibits a State from denying equal protection of the law to any person within its jurisdiction applies to such corporations. We all agree that this is the case. Get advice from law students and lawyers in the LexTalk legal community on the law as set out in previous court decisions. Synonymous with precedent.
Similar to the common law, which stems from tradition and judicial decisions. Written statements submitted to the court outlining a party`s legal or factual allegations about the case. There are hundreds of legal systems in the world. At the global level, international law is of great importance, whether through the practice of sovereign States or through agreement between them in the form of treaties and other agreements. Some transnational entities, such as the European Union, have created their own legal structures. At the national level, the United Nations has more than 180 sovereign States. Many of them are federal and their components may have their own additional laws. All these people can own property and hold it for their own property (house, clothing, etc.) or as a business or investment (office buildings, factories, stocks, savings accounts). Only socialist systems have attempted to prevent this second function of property by forbidding individuals to own “the means of production.” The property in question may be tangible and is often referred to as immovable and movable (or, at common law, immovable and personal). Ownership can also be intangible, such as debts, copyrights and patents.
If owners have full legal capacity, they can generally manage their property as they wish, subject to public policy rules (e.g. zoning by-laws). They can manage their assets during their lifetime or their will, although many systems ensure that a portion of the deceased`s assets go to close relatives. A legal entity is a non-human legal entity that is not a single natural person, but an organization legally recognized as a legal entity, such as a company, government agency, or NGO. Also known as a corporation, corporation, corporation, corporation or corporation, a corporation retains certain duties and rights listed in the relevant laws. [1] [2] The rights and obligations of a legal person are different from those of its natural persons.
