"Corporations are subject to the same laws as natural persons." What is the common term for the legal concept expressed in this statement?

Question

Quizplus · Accepted Answer

The common term for the legal concept expressed in this statement is "juristic person," which refers to a legal entity that is not a natural person but is recognized as having legal rights and responsibilities similar to those of a natural person. This concept applies to corporations, which are considered juristic persons under the law and are therefore subject to the same laws and regulations as natural persons. Options A, B, and D are unrelated concepts that do not apply to this statement.

"Corporations Are Subject to the Same Laws as Natural Persons