Q. 2.Give the characteristic of a Corporation. How does it differ from an aggregate of human beings ? What are the two kinds recognised by English law?<\/b><\/p>\n\n\n\n
Ans. Corporation is the most important and usual form of a juristic.person. This is the only kind of juristic person recognised by the English Law except the State. A corporation, as said above, is on artificial person capable of legal rights and duties.<\/p>\n\n\n\n
Characteristics.\u2014<\/strong>Their characteristics arc legally associated with the existence of a corporation.<\/p>\n\n\n\n In the first place, there must be a group or body of individual human beings associated for certain ends. Secondly, this body or group must have organs through which it acts : and<\/p>\n\n\n\n Thirdly, a corporation has a will which is attributed to it by a legal fiction. Kinds of Corporations.\u2014<\/b>The English Law recognise two kinds of Corporations ;<\/p>\n\n\n\n (1) Corporation Aggregate, and<\/p>\n\n\n\n (2) Corporation Sole.<\/p>\n\n\n\n (1) Corporation Aggregate.\u2014<\/b>It is an incorporated ‘group’ or `body’ of co-existing persons united for the purpose of advancing cer-tain ends or interest. It lias several members at a time. Corporations ag-gregate are numerous and important. The best examples of corporation aggregate are the incorporated companies or limited liability (consisting of all the share holders who contribute money for furtherance of a com-mon object and limit the liability to the extent of their shares) and a corporation consisting of the inhabitants of the municipal area or town.<\/p>\n\n\n\n (2) Corporation Sole.\u2014 <\/b>It is an incorporated series of successive persons. It is a corporation which has only one member at a time. It is simply a series of natural persons or human being some of whose rights are different and devolve in a different way from those of natural persons in general. A corporation sole is created when a “man has rights and duties by virtue of holding an office or exercising a function and when such rights and duties pass to his successors. But the chief characteris-tic of a corporation sole which distinguishes it from a mere succession of officers or persons exercising the same rights, is that the successive holders of the public office must be incorporated so as to constitute a single, permanent and legal person.<\/p>\n\n\n\n The King never dies and the ‘king is dead’ are based upon king’s position as ‘Corporation Sole.’<\/p>\n","protected":false},"excerpt":{"rendered":" Q. 2.Give the characteristic of a Corporation. How does it differ from an aggregate of human beings ? What are the two kinds recognised by English law? Ans. Corporation is the most important and usual form of a juristic.person. This is the only kind of juristic person recognised by the English Law except the State. A […]<\/p>\n","protected":false},"author":7,"featured_media":1755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":["post-1701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jurisprudence-2"],"_links":{"self":[{"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/posts\/1701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/comments?post=1701"}],"version-history":[{"count":3,"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/posts\/1701\/revisions"}],"predecessor-version":[{"id":8407,"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/posts\/1701\/revisions\/8407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/media\/1755"}],"wp:attachment":[{"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/media?parent=1701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/categories?post=1701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infipark.com\/articles\/wp-json\/wp\/v2\/tags?post=1701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Distinction between corporations and human beings.\u2014<\/b>A clear-cut distinction is made between the individuals who compose the corpo-ration and the corporation, itself. Corporation is a legal entity created by a legal fiction. There is a clear-cut distinction between the personality of a corporation and the personalities of Its individual members. A corpora-tion can sue and be sued in is own name as distinct in the name of its members or officers.<\/p>\n\n\n\n