Archived If corporations are people, then why can they be bought and sold? (AskVoat)
submitted ago by Tree_Snake
Posted by: Tree_Snake
Posting time: 3.3 years ago on
Last edit time: never edited.
Archived on: 11/3/2017 10:00:00 AM
Views: 2313
SCP: 121
123 upvotes, 2 downvotes (98% upvoted it)
Archived If corporations are people, then why can they be bought and sold? (AskVoat)
submitted ago by Tree_Snake
view the rest of the comments →
[–] JohnPaulJones 0 points 12 points 12 points (+12|-0) ago
They aren't people in the same sense that you or I are people. It's an odd legal distinction but corporations have corporate personhood. This allows corporations to bring suits, be sued, pay taxes, etc. All the legal things that would become necessary to extend corporations beyond single owner or basic partnership.
https://en.wikipedia.org/wiki/Corporate_personhood
[–] Boris ago
An often over looked invention.