A public limited company has the rights and duties of an individual because it?

A public limited company has the rights and duties of an individual because it has "corporate status." Corporate status is a legal concept that allows a company to be treated as a separate legal entity from its owners. This means that the company can enter into contracts, own property, and sue or be sued in its own name, just like an individual. The concept of corporate status is important because it protects the personal assets of the company's owners from any legal or financial liabilities that may arise from the company's activities. For example, if a public limited company is sued for breach of contract, the company's shareholders are generally not personally liable for any damages awarded against the company. To establish corporate status, a public limited company must be registered with the relevant government authorities and have a legal framework in place, such as a memorandum and articles of association. In summary, a public limited company has the rights and duties of an individual because it has corporate status, which allows it to be treated as a separate legal entity from its owners.