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Question
(pres)unlike a real person, a corporation exists only on _______________. (eyt)what does the above sentence mean? explain in your own words.
A real - person has a physical and tangible existence in the real world. A corporation, however, is a legal entity that exists mainly in the eyes of the law and in official records, not as a physical being. It is an artificial entity created and recognized by law, with its rights and obligations defined through legal and administrative processes.
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A corporation is an artificial legal entity that exists mainly in legal and official contexts rather than as a physical, tangible being like a real person.