LAWS 2201 Lecture Notes - Lecture 4: Canada Business Corporations Act, Legal Fiction, Legal Personality
16 Dec 2017
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Corporations are a feature of economic life. Illustrating that legal persons do not need to be human beings. The notion that legal personhood is a legal fiction . The idea of legal personhood as a mechanism to solve problems . The idea that legal personhood creates problems for social development. Corporation: a group or entity that produces good and services for sale or profit and has employees or people working for it. A corporation has the capacity andrights power and privilege of a natural person. S. 33. 1- words importing male persons include female persons and corporations and words importing female persons include male persons and corporations. Vests the corporation with the power to sue and be sued. Its legal personality is a legal fiction. As a legal person, they have self-ownership of themselves and their property as humans do - decision making by board and by directing minds .
