International Journal For Multidisciplinary Research

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 4 July-August 2024 Submit your research before last 3 days of August to publish your research paper in the issue of July-August.

Legal Personalities under Jurisprudence

Author(s) Geetika Dev
Country India
Abstract Legal personality is the status of an entity recognized by law that allows it to have certain rights and obligations, and to participate in legal transactions. The concept of legal personality is a fundamental one in jurisprudence, as it helps to distinguish between entities that can enter legal relationships and those that do not. Legal personality is not limited natural persons, but also can extend to other entities such as corporations, partnerships and even animals.
The concept of legal personality has evolved over time, with various legal systems recognizing different entities as having legal personality. In common law jurisdictions, for example, the concept of legal personality is closely tied to the idea of a corporation, which is seen as separate legal entity from its shareholders, legal personality is typically recognized more broadly in civil law jurisdictions, and can extend to associations, foundations, and other types of entities.
Legal personality has important implications for rights and obligations of entities recognized as having legal personality. For example, a corporation may be able to enter contracts, sue and be sued, and hold property in its own name. On the other hand, an entity that is not recognized as having legal personality may not be able to engage in these activities. Thus, the concept of legal personality is essential to the functioning of modern legal systems, and is a key element of the study of jurisprudence.
Keywords Legal Personalities, Jurisprudence, Corporation, legal status
Field Sociology > Administration / Law / Management
Published In Volume 6, Issue 4, July-August 2024
Published On 2024-07-05
Cite This Legal Personalities under Jurisprudence - Geetika Dev - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.23953
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