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Which of the following statements best describes a "legal personality"?

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The term "legal personality" refers to entities that can have legal rights and obligations. This includes both natural persons (individual human beings) and artificial persons (entities such as corporations and governments). Legal personalities can enter into contracts, sue and be sued, and own property. 

Key Point: This question clarifies the concept of legal personality, which is fundamental to understanding who can participate in legal processes and hold legal rights and obligations.

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