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 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 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 natural person.
|
There
are different varieties of legal persons, like Corporations, Companies, Universities,
President, Societies, Municipalities, Gram Panchayats, etc.
|
Thanks for reading
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