Which term includes any individual, corporation, association, Limited liability corporation, etc., governed by the business organizations code?

• A. Public Place
• B. Person
• C. Omission
• D. Owner

Answer: (B)

In business law, the term defined as including natural persons and organizational entities is “person.” This broad definition covers individuals, corporations, associations, limited liability companies, and similar entities, so the business organizations code can apply to both people and the organizations they form. This ensures duties, rights, and liabilities flow to all who are subject to the code, not just to individuals. Public Place, Omission, and Owner don’t capture this broad scope: a Public Place is about location, an Omission is a failure to act, and an Owner reflects property rights rather than statutory coverage of all entities.