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What is the term natural person in real estate?
==One Answer== At law, a "natural person" refers to a real human being, as distinguished from a corporation which is often treated at law as a fictitious person.
What does the legal term 'natural person' mean in corporation law?
Natural person refers to a human being as opposed to a legally-created entity (Corporation, Limited Liability Company, General Partnership, Limited Partnership, etc.).Even we can define them as "A human being that has the capacity for rights and duties". Note that the word capacity means the ability, but not the obligation for rights and duties.
The difference between natural person from juridical person?
A natural person refers to a human being, while a juridical person is a legal entity such as a corporation or organization recognized by the law as having rights and duties similar to those of a natural person. Natural persons have individual rights, while juridical persons have legal personhood granted by the state.
Can a corporation sue a personal entity?
Depends on the jurisdiction but, as a general rule, yes. Check your local legislature, or that where the action is being taken.
What choice of Jurisdiction would be available to a person who was being sued by citizen of another state for damages of at least 75000?
concurrent jurisdiction
What choice of jurisdiction would be available to a person who was being sued by a citizen of another state for damages of at least 75000?
concurrent jurisdiction
What does Questar corporation sell?
The Questar Corporation sells natural gas-focused energy. There are three major business lines that they focus on. Those being production, distribution and transportation of natural gas.
What is the difference between a corporation and being incorporated?
A corporation is a business that has been legally incorporated. Being incorporated is signified by the initials Inc. after a business or after the name of a person who has incorporated themseves as a corporate business.
Is being gay a mistake?
No. A person cannot be born "a mistake." Being gay is natural and healthy.
What is an example of an artificial legal person?
Entity (such as a firm) other than a natural person (human being) created by law and recognized as a legal entity having distinct identity, legal personality, and duties and rights. Also called juristic person or legal person. See also body corporate.
What was a benefit of being stockholder in a corporation?
stockholders are part-owners of the corporation...
Can a person be prosecuted for a crime committed in another country?
Yes, a person can be prosecuted for a crime committed in another country if the crime is considered illegal in both the country where it was committed and the country where the person is being prosecuted. This is known as extraterritorial jurisdiction.
