Black`s Law Definition of Entity
Secondly, as this comment by Yevgeny Tamarchenko suggests, although the person may refer to an entity, it does not follow that the opposite is true – this entity can refer to a natural person. Black`s Law Dictionary provides only one definition of entity cited by Yevgeniy: “An organization (such as a company or government entity) that has a legal identity outside of its members or owners. Therefore, I cannot support A. Wright Burke`s passionate cry: “Humans are entities!” “Person” means an individual, partnership, partnership, limited liability company, association, trust, organization without legal capacity or any other legal person or organization or governmental authority. “Person” means a person, entity or government agency. Black`s Law Dictionary, Pocket Edition, is considered one of the most valuable reference tools available to the legal community, providing over 21,000 clear, concise and concise definitions for over 15,000 terms. It is the essential companion of the 11th complete edition of Black`s, which includes all the commonly used terms of this edition. As a standalone tool, this pocket edition includes a dictionary guide and the full Constitution of the United States. Black`s has been cited by judges and lawyers more than any other legal dictionary, is recommended by law school, and is available in this pocket format and in a variety of other useful editions.
First of all, you can`t rely on readers to assume that this person includes both natural and artificial people. Finally, Black`s Law Dictionary gives as an alternative definition of the person “A human being” and “An entity (such as a society) that is legally recognized to have most of the rights and duties of a person”; A reader may think of the first definition and not the second. As A. Wright Burke suggests, I would use the person as a definite term that includes both natural and artificial persons. But because the person can be dumb if they are too used to doing it (if a person complains about the smell…), I will use someone or something similar if circumstances allow. Fourth, are the artificial person and entity synonymous? According to their respective definitions of Black`s Law Dictionary alone, a natural person could be a subset of the entity. Legally equivalent to a person who may owe taxes. A generic term that includes the person, partnership, organization or company.
A company can be legally bound. An entity is uniquely identifiable by any other entity. A legal person corresponds to the concept of a legal person. A legal entity holds rights and each legal entity has a legal status. A true being; Existence. An organization or being that has a separate existence for tax purposes. Examples include corporations, partnerships, estates and trusts. The unit of accounting for which the accounting accounts and loss accounts are drawn up may not be the same as the legally defined unit. TLD example: As a legal entity under state law, the company and its officers could be charged with violating criminal laws. An entity refers to a person or organization that has distinct and different legal rights, such as: an individual, a partnership or a business. A business can own property, do business, enter into contracts, pay taxes, sue and be sued, among other things.
A company is able to act legally, sue and make decisions through agents, such as a corporation, state or association. And fifth, it`s common for definitions of person to include what I call unnecessary elaboration — the recitation of obvious examples. Here`s an example: The inimitable A. Wright Burke, Mr. Phil., added the following comment to this recent article about the word “everyone” (here): A legal or legally binding association, corporation, partnership, property, trust, or individual. Has the legal capacity to (1) enter into agreements or contracts, (2) assume obligations, (3) incur and pay debts, (4) sue and be sued, and (5) be held responsible for illegal activities. The Deluxe Edition of Black, with a premium faux leather cover and thumbspins for quick reference works, contains more than 55,000 terms, early dates of use, pronunciation guide, Latin maxims with index, a source bibliography of over 1,000 and over 6,000 citations. The company consists of a company and a foreign company; not-for-profit corporation; a profit-making and non-profit association without its own legal personality; business trust, estate, partnership, trust and two or more persons who have a common or common economic interest; and state, U.S. and foreign governments. Powered by Black`s Law Dictionary, 2nd ed. free. and The Law Dictionary.
Thirdly, I find that a natural person is too legalistic to be used in contracts. Using humans instead is not a sober option. I use individually. Garner`s Dictionary of Legal Usage says that “the individual is best limited to contexts in which the author intends to distinguish the individual (non-corporate) person from the group or whole.” But the parenthesis in the quoted sentence shows why their preferred choice, the person, would not work in contracts. Humans are entities! There are natural entities (“individuals”) and artificial entities (e.g., corporations, khanates). Persons are also “legal persons”. The question is therefore whether “someone” refers only to natural persons or also to artificial persons. When “anyone” is considered risky, “any person” is less risky, and “any person,” where “person” is a defined term that includes both natural and artificial persons, is as risk-free as possible. See Types of Business Entities: Explanations and Overview. For more than a century, Black`s Law Dictionary has been the gold standard of the language of law. Today, it is the most frequently cited law book in the world. By Editor-in-Chief Bryan A.
Garner, the world`s largest legal lexicographer, the 11th edition is the most reliable and comprehensive legal dictionary ever published. n. a general term for any institution, business, corporation, partnership, government agency, university or other organization that is different from individuals. The entity includes the person, the estate, the trust, the government entity. An independent existence, such as a company in relation to its shareholders. $41.95 Free Shipping Format: Book – Softbound Brand: Thomson West Copyright: 2021 ISBN: 9781731931610 Thoughts? And are things different in jurisdictions outside the United States? [Last updated February 2022 by the Wex Definitions team] I recognize that “entities” is the lawyer`s abbreviation for artificial persons, but in the actual design of the contract, it is better to be precise: “persons and *other* entities”.