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What does the legal term 'natural person' mean in corporation law?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
In corporation law, a natural person refers to an individual human being, as opposed to a legal entity such as a corporation or partnership. Natural persons have legal rights and obligations that are distinct from those of artificial entities.
Wiki User
∙ 13y agoNo, natural persons are simply that, natural persons. Corporations, limited liability companies, partnerships and the like are legal entities.
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mean test
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