A _____ is a unit recognized as having rights and duties apart from the owners of the company.
A)plaintiff
B)defendant
C)legal entity
D)sole proprietorship

Question

Quizplus · Accepted Answer

A legal entity, such as a corporation or limited liability company, is recognized as having separate legal rights and responsibilities apart from its owners or shareholders. This means that the entity can enter into contracts, sue or be sued, and own property in its own name. Plaintiffs and defendants, on the other hand, are parties in a legal dispute, while a sole proprietorship is a type of business structure where the owner and the business are considered the same entity.

A _____ Is a Unit Recognized as Having Rights and Duties