Differences between Natural Person and Legal Person || Jurisprudence ||
Differences between Natural Person and Legal Person || Jurisprudence ||
In this article, we are going to discuss, what are the differences between the Natural Person and Legal Person under legal personality in Jurisprudence.
Let’s begin.
Sr. No. | Natural Person | Legal/Artificial Person |
1. | Natural Person is a human being and is a real and living person. | Legal Person is being, real or imaginary whom the law regards as capable of rights and duties. |
2. | He has a power of thought, speech, and choice. | Legal Person has no such power of thought, speech and choice. |
3. | He is also a legal person and accordingly performs their functions. | Legal person perform their functions through natural persons only. |
4. | These are not considered as Natural person; unborn, dead man, and lower animals etc. | But unborn, dead man, idiots, corporations, companies, idols, etc. are treated as legal persons in law. |
5. | Natural person can live for a limited period. As per general presumption, he cannot live more than 100 years. | Legal person can live more than 100 years even for an indefinite period. Like “East India Company” was established in sixteenth-century in London, and now still is in existence. |
6. | Slaves were also natural persons. | In older law, slaves were not recognized as persons. |
7. | There are no different varieties of a natural person. | There are different varieties of legal persons, like Corporations, Companies, Universities, President, Societies, Municipalities, Gram Panchayats, etc. |
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