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Which of the following theories is not related to corporate personality?
Fiction theory
Will theory
Realist theory
Bracket theory
- Fiction Theory: Suggests that a corporation is an artificial person created by law. It's a legal construct without real personality.
- Will Theory: Focuses on individual human will and is associated with contractual obligations. It’s not typically linked to corporate personality theories.
- Realist Theory: Argues that corporations have a real, distinct existence in society. They are more than just legal constructs.
- Bracket Theory (Concession Theory): Proposes that a corporation’s legal personality is merely a “bracket” to facilitate the purpose defined by humans.
Option 2, Will Theory, is not related to corporate personality theories.
By: Parvesh Mehta ProfileResourcesReport error
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