A corporation is established in terms of a Companies Act or the like in terms of Corporate Law (particulars depend on the jurisdiction). A corporation is a leg

A corporation is established in terms of a Companies Act or the like in terms of Corporate Law (particulars depend on the jurisdiction). A corporation is a legal person, but not a natural person. A corporation is not an agreement between a group of people. People can agree to form a corporation, but the corporation itself is not an agreement (merely the end result). For example, a corporation can act against the interests of the people who founded it.