Legal entity? (1 Viewer)

Kichiko

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Would someone please be able to give me a definition for legal entity?

That would be tops. Thanks
 

manifestation

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straight off the net:

any individual, partnership, proprietorship, corporation, association or other organization that has, in the eyes of the law, the capacity to make a contract or an agreement and the abilities to assume an obligation and to pay off its debts. A legal entity, under the law, is responsible for its actions and can be sued for damages.
 

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