Explain the concept of corporation. Discuss its characteristics and classification.

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Introduction A corporation is an artificial legal person created by law, having a distinct personality separate from the natural persons who constitute it. In the context of administrative law, we study the public corporation as a form of state enterprise through which the Government undertakes commercial, industrial, financial and social service activities. I. Definition Salmond : “A corporation is an artificial or juristic person recognised by law as being capable of having rights and duties.”