Corporate Law and Juridical Personality

“LEGAL”. You have probably heard this word before. It is probably from movies or TV, where some lawyer is on a TV show saying it over again. “STATE LEGAL” is another example where the word “legal” is used in a television show to mean state laws. The same can be said for the word “GOVERNMENT”, whether it is talking about the government or some other entity.

Legal

The meaning of the word ” LEGAL” is something that is considered to be morally right, although not required by any law or governmental body. ” LEGAL” can also mean “obeying the law” or “respecting the law”. In American Law, “LEGAL” is usually used in reference to civil law, which is further divided into criminal law and civil procedure law. Civil law involves disputes between private parties, whereas criminal law deals with disputes between government agencies and individuals such as executive officials, legislative representatives, judges and juries. So it would appear that” LEGAL” also means “of the legal order” but that is not the case.

A “CIVIL ACTION” is a term that refers to any lawsuit that has been filed by any person, whether or not that person has actually been found guilty. Civil actions are instituted by anyone with a valid claim of legal personality, i.e. an individual, an organization, a corporation, or even the state. The suit might be instituted against a government agency, an official, a public figure or a private party.

One interesting fact is that “CIVIL ACTION” does NOT mean “of a legal nature”. If two persons come to a settlement agreement regarding a particular dispute, they can file a civil action in a court of law. The same applies if two persons come to a conclusion of disputed facts in a court of law. For example: If two neighbors come to a mutual agreement to resolve a conflict such as where one feels he has been unjustly discriminated against, they can go to court and try to get a court to determine the facts. If the court rules in their favor, they can then proceed to establish standards for resolving disputes involving private parties.

In short, there is a lot of overlap among the various disciplines of legal personality, including corporate law, civil law, property law, and even criminal law. A person who studies them all may be able to predict what a person will be able to do in certain situations and how to react to similar situations as well. For example: If both husband and wife have an estate, resolving marital debts will be a significant part of the couple’s estates. However, both parties may very likely disregard the estate and squander the money instead. A good accountant will be able to help the couple figure out how to legally handle their assets.

One important branch of this study is corporate law. In many countries, corporations are created through statute, which refers to an act passed by a legislature. Statute can be established by any body of law, including a company or even a government department. A company limited by natural persons can be established through an act of Congress. Therefore, incorporating a company is one way to make it possible for a juridical personality to succeed in business.