Discuss the concept of natural legal personality
Corporate legal personality, the Salomon principle. A properly incorporated registered company is a legal entity separate from its shareholders and, as an autonomous legal entity, has various rights and obligations. This principle is popularly described as the corporate veil or the Solomon Principle, most famously stated by Lord MacNaghten. The concept of legal personality is essentially related to the fact that it has rights and duties attached to it and certain immunities and responsibilities attached to it. Thus, there is a huge difference between a human being and a legal person as human being is the existence given by nature while legal person is a fiction created by an act of law. Legal personality is an artificial creation of the law. Legal entities can be parties to a legal relationship. A natural person is a human being and legal persons are artificial persons. The law recognizes two types of persons and they are as follows: NATURAL PERSON. LEGAL OR ARTIFICIAL PERSON. gt, gt A natural person is a living human being. gt, gt, Legal entity means anyone or anything that can make legal claims or is subject to legal obligations. gt, gt A person can be considered a natural person on two points. Introduction. The separate entity principle is a fundamental principle of company law applied worldwide. Under this principle, a company is treated as an entity separate from its members. The separate entity rule can be found in company law and has had far-reaching consequences for theoretical and practical company law. This is the first time that legal personality has been extended to a natural entity. In doing so, it represents a significant shift in giving legal personality to specific natural objects and could potentially lead to a material change in the way such objects are protected under environmental laws. The “Rights of Nature” argument. Corporate legal personality, the Salomon principle. A properly incorporated registered company is a legal entity separate from its shareholders and, as an autonomous legal entity, has various rights and obligations. This principle is popularly described as the corporate veil or the Solomon Principle, most famously stated by Lord MacNaghten. Most people believed they knew what human dignity was about: a consensus within the humanist tradition, a secularized version of the Judeo-Christian concept of Imago Dei, an overlap between the ethical doctrines of important thinkers such as Kant and Confucius, the normative core of The tradition of natural law, a moral-political personality, is, as is well known, not limited to human beings, who are only one of the two main types of persons. In addition to people who are natural or physical persons, the law recognizes so-called legal, artificial, legal persons. Also in the case of personality in law, the origins of the concept can already be found in Roman. However, the actual concept of corporate personality, and not just another legal entity, was first established in the landmark judgment of Salomon v. Salomon amp Co. Ltd. from 1897. This case established the idea of a corporate 'veil' or 'shield' that protected the members of a company from the decisions made on behalf of the company during the. The company is an artificial legal entity with its own properties and has legal rights and,