Business, Legal & Accounting Glossary
An individual, agency, association, branch, corporation, estate, group, partnership, or other entity or organisation having legal rights and responsibilities separate from those of other entities and/or of its owners or members. See also, juridical person.
In English law, a ‘person’ has much the same sense that it does in normal speech, except that corporations (see: Corporation) are also persons, with an identity distinct from their members. Specifically, all living human beings are persons, from the moment of birth (and not before, although unborn children do have some protection under the law) until the moment of death. Persons — human or otherwise — have certain rights and responsibilities.
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This glossary post was last updated: 7th April, 2020 | 57 Views.