LEGAL ENTITY - PARTICIPANT OF CIVIL-LAW RELATIONS

Anatoliy Kostruba
A person, or using legal terminology, an INDIVIDUAL, is not the only participant of legal relations. The process of capital concentration and centralization driven by transition from natural to commodity economy resulted in the need to create a participant in legal relations SEPARATE FROM THE INDIVIDUAL, which is known now as LEGAL ENTITY A LEGAL ENTITY becomes the embodiment of interests and capital of a certain group of individuals. In the absence of a physical...
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