What legal personality best describes a person who is subject to a bankruptcy order?

Study for the CII Insurance Law (M05) exam. Enhance your preparation with quizzes featuring multiple choice questions, detailed hints, and explanations. Get ready to ace your test!

A person who is subject to a bankruptcy order is best described as a natural legal person. A natural legal person refers to a human individual who has legal rights and obligations, distinct from corporate entities, companies, or partnerships. In the context of bankruptcy, it is individual people who may face insolvency and seek protection under bankruptcy laws to manage their debts.

The other options refer to various types of organizations or structures rather than individuals. A corporate entity, for instance, denotes a business that is legally recognized as a separate entity from its owners. A limited liability partnership involves a specific type of business relationship that combines elements of partnership and corporate structures. A company is a broad term that refers to any legal entity formed to conduct business, typically limited by shares or guarantees. None of these adequately describe an individual subject to a bankruptcy order, which is why natural legal person is the appropriate choice in this context.

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