What is the meaning of legal entity?

Any individual, partnership, proprietorship, corporation, association or other organization that has, in the eyes of the law, the capacity to make a contract or an agreement and the abilities to assume an obligation and to pay off its debts. A' legal entity', under the law, is responsible for its actions and can be sued for damages.

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APABarry Goldsmith. (2010). legal entity. Retrieved September 20, 2026, from http://smartdefine.org/legal_entity/definitions/1157027
ChicagoBarry Goldsmith. 2010. "legal entity" http://smartdefine.org/legal_entity/definitions/1157027 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, legal entity, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/legal_entity/definitions/1157027>.
MLABarry Goldsmith. "legal entity" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/legal_entity/definitions/1157027>