which type of a person company portrayed in the book?(a) invisible person(b) a fictitious entity (c) an artificial person(d)soulless person
Answers
Explanation:
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Theories of Corporate Personalities
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Corporate sole and corporate aggregate are treated as persons by law. There are various theories which are developed to show the nature of personality. These theories could be either political which talks about the relationship between the state and group residing within the state or it could be a philosophical explanation which is pertaining to existence of those persons which are created by law. But the courts have not uniformly followed any of these particular theories to deal with any problem or issue which is pertaining to corporation but on the other hand they are also guided by the practical considerations.
So, here are some of the theories as follows -:
1.The Fiction Theory
2.The Realistic Theory
3.The Concession Theory
4.The Organism Theory
5.The Ownership Theory
6.The Symbolist Theory aka The Bracket Theory
The Fiction Theory:-
Ø There were many jurists those who gave their opinion on Fiction theory. They said that any corporation either sole or aggregate has a fictitious personality. This personality is necessary to form an individual corporation existing by their own and even sustaining for its members. Here is difference between judicial and natural person. Person those who exists for judicial purposes are judicial person but person who is born with its own personality. But judicial or artificial person are created by law.
Ø But one of the jurist Michound had raised various objections pertaining to fictitious theory that if corporate sole or aggregate is fictitious or imaginary person and only exists in the eyes of law, then how it is possible for them to hold a tangible property? Then next issue was regarding the rights of a person. He said that if corporate sole or aggregate is a imaginary then how they can have rights because rights can be only with real persons. So ultimately he said that corporate must be a real person not fictitious.
Ø Another issue was raised that legislator has done a mistake on their part by forming such entities or personalities, but legislator never make things by itself. It basically considers each and every aspect of society before forming any personality or legislation like social need, social good or bad etc. and legislation is the one which creates such personalities and in present generation even public also demands such recognition. Therefore a law or judge can give birth to something new which is worthy and beneficial for the commerce and society.
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Answer:
hi here is your answer
(d)souless person
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