Monthly Archives: October 2015

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Comments Off on Definition of natural persons in Osborns Concise Law Dictionary Twelfth Edition

Definition of natural persons in Osborns Concise Law Dictionary Twelfth Edition: Human beings, as distinguished from artificial persons or corporations recognised by the law, e.g. companies.

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Definition of person in Osborn’s Concise Law Dictionary Twelfth Edition: The object of rights and duties; capable of having rights and of being liable to duties. Persons are of two kinds, natural and artificial. A natural person is a human being, an artificial person is a collection or succession of natural persons forming a corporation. “Individual” generally denotes a human being but, e.g. under the Consumer Credit Act 2006 s.1, individual “includes a partnership consisting of two or three persons not all of whom are bodies corporate; and (b) an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership.