Entity
Term · Law · MLC-T-LAW-001879
A distinct and separate unit recognized by law, capable of holding rights, incurring obligations, and entering into contracts. This can include individuals, corporations, partnerships, trusts, and governmental bodies. The legal status of an entity determines its liability, tax treatment, and capacity to sue or be sued.
| Identifier | MLC-T-LAW-001879 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001879",
"term": "Entity",
"field": "Law",
"definition": "A distinct and separate unit recognized by law, capable of holding rights, incurring obligations, and entering into contracts. This can include individuals, corporations, partnerships, trusts, and governmental bodies. The legal status of an entity determines its liability, tax treatment, and capacity to sue or be sued.",
"url": "https://mlchart.com/terminology/law/entity/"
}
Record 1,768 of 5,441 in Law terminology (MLC-0107). Request the full dataset.