Question

Of theories of corporate personality, the German jurist Dr. Gierke is the leading exponent of

• A. Realist theory
• B. Fiction theory
• C. Bracket theory
• D. Concession theory

Hint:

Realist theory contrasts with Fiction theory, which views corporations as artificial entities created by law.

Answer 1

The Correct Option is A

Otto von Gierke advocated the Realist theory of corporate personality, asserting that corporations have a real, organic existence with collective will, akin to a natural person, beyond mere legal fiction. Thus, the correct answer is: \[ {\text{Realist theory}} \]