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legal entity

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.


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In order to establish civil liability under this Article, the following preconditions must be met: i) inability of the legal entity to perform its' obligations; ii) bad faith acts; iii) causation between the inability to fulfill the entity's duties and bad faith actions.
The legal entity that shows up to defend is the legal entity that is sued," Ms.
If the legal entity exceeds the threshold in the preceding calendar year, it is obliged to report it by no later than January 15 of the ongoing year.
 
 
 
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