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By having a separate legal entity, a business is considered as a person. True or False？and...

By having a separate legal entity, a business is considered as a person.

True or False？and why

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Answer #1

True.

Business is a separate legal entity which makes the Business an artificial person. It gives the business a rights in law as a person so that it can enter contract in its own name and it can also sue and be sued in its own name. Businesses can also own property in its own name.

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