Juristic Person
Juristic Person
Juristic Person
1. Introduction:
The word “Person” is derived from the Latin word “Persona”. Under a
legal theory, a person is any being who is capable of sustaining rights
and duties. At common law persons are divided into different kinds and
different attributes given to them.
2. Definition of Person:
I. According to Salmond:
“A person is any being whom the law regards as capable of rights
or duties. Any being that is so capable is a person whether a human
being or not so capable is a person even though he is a man.”
III. Savigny has defined person as the subject or bearer of right. But
Holland has criticized this definition on the ground that persons are not
subject to rights alone but also duties. He says: the right not only
resides in, but is also available against persons.
3. Kinds of Person:
II. Juristic Person:
B. Double Fiction:
Kinds of corporation:
Example:
(ii) Institution:
In some cases, the corpus or the object personified is not a group or
succession of individuals but an institution itself.
Example:
Example:
Examples of this kind of legal persons are the property of a dead man,
the estate of an insolvent, an estate under a trust etc.
4. Double Personality:
Example:
A corporation sole is an example of dual personality.
5. Conclusion: