Business, Legal & Accounting Glossary
A living, breathing human being, as opposed to a legal entity such as a corporation. Different rules and protections apply to natural persons and corporations, such as the US Fifth Amendment right against self-incrimination, which applies only to natural persons.
n. a real human being, as distinguished from a corporation, which is often treated at law as a fictitious person.
In jurisprudence, a natural person is a human being perceptible through the senses and subject to physical laws, as opposed to an artificial, legal or juristic person, i.e., an organization that the law treats for some purposes as if it were a person distinct from its members or owner.
For example, such legal provisions as Amendment XIX to the United States Constitution, which guarantees a woman’s right to vote, apply to natural persons only. In many cases fundamental human rights are implicitly granted only to natural persons; for example, a corporation cannot hold public office, but it can file a lawsuit.
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This glossary post was last updated: 28th April, 2020 | 23 Views.