What is a key characteristic of a Legal Person?

A key characteristic of a Legal Person is that it can sue and be sued. Legal persons, which include corporations, government entities, and organizations, are recognized by law as having rights and responsibilities akin to individuals. This legal recognition allows them to enter into contracts, own property, and participate in legal actions.

The ability to sue and be sued is fundamental because it ensures that legal persons can seek redress in a court of law just as natural persons can. This framework is crucial for maintaining accountability and facilitating commerce, as it allows businesses and organizations to operate effectively within the legal system.

The other options are not applicable: Legal persons can indeed be sued; they are not limited to individuals, as they can encompass corporations or entities; and they are not confined to natural persons, meaning they are distinct from individuals and encompass a broader range of entities in legal contexts.