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A corporation is just a group of people deciding to do something together according to certain rules. It wouldn't make sense that one person, with a lot of reso
by oh_sigh 3y ago
A corporation is just a group of people deciding to do something together according to certain rules. It wouldn't make sense that one person, with a lot of resources could do something within their rights, but a group of people with the same pooled resources couldn't do that thing.
- mtlmtlmtlmtl 3y agoKant would like a word.
- izacus 3y agoIt absolutely makes sense and we regularly treat synthetic organizations differently than individuals. It's the only way to build good society.
- danaris 3y agoYou said yourself that corporations can only do what they do according to certain rules. Those rules are not the same as those for individuals. That is precisely what it means to say that one person, with a certain amount of resources, can do things that a group of people, with the same amount of pooled resources, is forbidden from doing.
- oh_sigh 3y agoThe rules generally exist describing how group decision making occurs, how liability is distributed, etc, not rules limiting the rights of what the group can do. Lord Templeman, law lord, in Hazell v Hammersmith and Fulham summarized the law thusly: > That report[Case of Sutton's Hospital], although largely incomprehensible in 1990, has been accepted as "express authority" that at common law it is an incident to a corporation to use its common seal for the purpose of binding itself to anything which a natural person could bind himself and to deal with its property as a natural person might deal with his own