GBL 295 Lecture Notes - Lecture 1: Natural Person, Legal Personality, Hobby Lobby

39 views2 pages

Document Summary

An entity (usually a business) having authority under law to act as a single person distinct from the shareholders who own it and having rights to issue stock and exist indefinitely; or. Note how many times the word person or some variation thereof ( personality, legal or juristic person, natural person ) occurs in these definitions. Legally speaking, a person is any entity that has legal rights. In other words, anything that can sue or be sued is a person as far as the law is concerned. Rather, they should do whatever is legal to make as much money as possible. This school of thought recognizes two factors that influence and guide corporate behavior: the. The government hand refers to laws that the government can pass to guide and influence corporate behavior: the second school of thought is that a corporation should behave more like an individual person would.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents