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    Question

    Fiction theory is related to which of the following

    concepts
    A Ownership Correct Answer Incorrect Answer
    B Liability Correct Answer Incorrect Answer
    C Justice Correct Answer Incorrect Answer
    D Legal personality Correct Answer Incorrect Answer
    E Psychology Correct Answer Incorrect Answer

    Solution

    As per the fiction theory, a corporation exists only as an outcome of fiction and metaphor. So the personality that is attached to these corporations is done purely by legal fiction. The legal person is created only in the eyes of the law for a specific purpose. The theory was propounded by Savigny and backed by Salmond and Holland.  

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