artificial person

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artificial person

A legal entity that is granted some of the rights and responsibilities of a natural person,such as corporations that may enter into contracts,partnerships that may sue and be sued, and church associations that may hold title to real estate.Almost all artificial persons enjoy the same rights and responsibilities as each other.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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