What does the doctrine of separate juridical personality imply?

The doctrine of separate juridical personality implies that a corporation is treated as a distinct legal entity, separate from its owners or shareholders. This means that the corporation has its own legal identity, which grants it rights and responsibilities independent of those who own shares in it.

The correct choice reflects the principle that obligations incurred by a corporation are solely the liabilities of the corporation itself. Shareholders are generally not personally liable for the debts or obligations of the corporation beyond their investment in it. This protection allows investors to engage in business activities with the knowledge that their personal assets are safe from the corporation's creditors.

This doctrine is foundational in corporate law, as it facilitates investment and entrepreneurial activities by limiting the risk to shareholders. As a result, if a corporation faces lawsuits or incurs debts, only the assets of the corporation are at risk, safeguarding the personal property of shareholders.

The other choices do not accurately portray the implications of separate juridical personality. For instance, the management of a corporation is typically independent of its shareholders, since shareholders do not directly manage day-to-day operations. Similarly, shareholders are not directly liable for the corporation’s debts, and enforcing debts against them would contradict the principle of separate personality. Finally, while a corporation does have personal rights, choice D overs