Lessons by Subject Outline - Business Associations
- 1. Agency
- 1.1. What is an agency?
- 1.1.1. Defined
- 1.1.2. Relation between parties
- 1.1.3. Agency as distinguished from things that look like agency
- 1.2. Creation
- 1.2.1. Agreement
- 1.2.2. Estoppel ("ostensible agency")
- 1.3. Termination
- 1.3.1. Termination by act or law
- 1.4. Irrevocable agency
- 1.4.1. Defined
- 1.5. Agent & Principal: Duties
- 1.5.1. Duties of the agent
- 1.5.2. Duties of the principal
- 1.6. Liability of principal to third parties
- Authority: Actual, Apparent, and Inherent (BA01)
- 1.6.1. Authority of the agent: actual, apparent and ostensible
- 1.6.2. Scope of agent's authority
- 1.6.3. Termination of agent's authority
- 1.6.4. Agent's inherent powers
- 1.6.5. Imputed knowledge of the agent to the principal
- 1.6.6. Ratification
- 1.6.7. Disclosed vs. undisclosed principals
- 1.6.8. Master-Servant relationship
- 1.6.9. Respondeat Superior
- 1.6.10. Scope of employment
- 1.6.11. Independent contractors
- 1.6.12. Intentional Torts
- 1.7. Liability of agent to third parties
- 1.7.1. Warranty of authority
- 1.7.2. For agent's contracts
- 1.7.3. For agent's torts
- 1.8. Liability of third person to:
- 1.8.1. Agent
- 1.8.2. Principal
- 1.1. What is an agency?
- 2. Partnership
- 2.1. What is a partnership?
- 2.1.1. Relation between parties
- 2.1.2. Partnerships as distinguished from things that look like partnerships
- 2.1.3. Introduction to UPA & RUPA
- 2.1.4. Key aspects of partnership: entity vs. aggregate
- 2.2. Creating a partnership
- 2.2.1. Formation by contract
- 2.2.2. Formation by estoppel
- 2.3. Partnership property
- 2.3.1. Distinguishing partnership vs. individual partner property
- 2.3.2. Holding title to property
- 2.3.3. Rights of partners to partnership property
- 2.4. Powers of partners
- 2.4.1. Express authority
- 2.4.2. Implied authority
- 2.4.3. Apparent authority
- 2.5. Rights of partners
- 2.5.1. UPA rights
- 2.6. Duties of partners
- 2.6.1. Fiduciary
- 2.6.2. UPA duties of partners to each other
- 2.7. Liabilities of partners
- 2.7.1. Torts
- 2.7.2. Liability to creditors
- 2.7.3. Authority of partners to bind the partnership
- 2.8. Dissolution/Dissociation
- 2.8.1. Causes for dissolution
- 2.8.2. RUPA Dissociation
- 2.8.3. Winding up - Distribution of Partnership Assets
- 2.8.4. Rights of partners
- 2.9. Limited Liability Partnership
- 2.1. What is a partnership?
- 3. Limited Partnerships
- 3.1. What is a limited partnership?
- 3.1.1. Introduction to ULPA & RULPA
- 3.2. Parties in a limited partnership
- 3.2.1. General partner - Rights, Liabilities
- 3.2.2. Limited partner - Contribution, Rights, Liabilities
- 3.2.3. Adding to general or limited partners
- 3.2.4. Departure of a general or limited partner
- 3.3. Creating a limited partnership
- 3.4. Dissolution & Distribution
- 3.4.1. RULPA
- 3.4.2. ULPA
- 3.5. Limited Liability Limited Partnerships (LLLPs)
- 3.1. What is a limited partnership?
- 4. Limited Liability Companies (LLCs)
- 4.1. What is an LLC?
- 4.1.1. Defined (including brief reference to tax and SEC aspects of an LLC
- 4.2. Creating an LLC
- 4.2.1. Membership certificates
- 4.3. Members in an LLC
- 4.3.1. Duties owed by members
- 4.3.2. Managing members
- 4.3.3. Liability of members
- 4.3.4. Members share of profits & losses
- 4.3.5. Contributions of members
- 4.4. Termination (Dissolution)
- 4.1. What is an LLC?
- 5. Corporations (excluding SEC related topics)
- 5.1. What is a corporation?
- 5.1.1. Defined & distinguished from other forms of business associations
- 5.2. Classifying corporations
- 5.2.1. De jure
- 5.2.2. De facto
- 5.2.3. Estoppel
- 5.2.4. Private, public, NFP, close
- 5.2.5. Domestic, foreign
- 5.3. Formation
- Mechanics of Incorporation and Defective Incorporation (CORP22)
- 5.3.1. Mechanics of forming a corporation
- 5.3.2. Problems of defective incorporation
- 5.4. Piercing the corporate veil
- 5.5. Stocks
- 5.5.1. Classification of shares & valuation
- 5.5.2. Kinds of stock
- 5.5.3. Issuance of shares
- 5.5.4. Dividends
- 5.5.5. Paying for equity shares
- 5.5.5.1. Type of consideration
- 5.5.5.2. Amount of consideration
- 5.5.6. Preemptive rights
- 5.6. Powers
- 5.6.1. Ultra vires doctrine (then and now)
- 5.6.2. Directors powers
- 5.6.3. Officers
- 5.6.4. Director's Conflicting Interest Transactions
- 5.6.5. Judicial Review of Director's Conflicting Interest Transaction
- 5.7. Shareholders
- 5.7.1. Rights of shareholders - (inspection, overview of rights of shareholders)
- 5.7.2. Shareholder suits
- Shareholder Derivative Actions (CORP19)
- 5.7.2.2. Special Litigation Committee
- 5.7.3. Shareholder Agreements - RMBCA sec. 7.32
- 5.8. Voting
- 5.8.1. Straight vs. cumulative
- 5.9. General Principals
- 5.9.1. Duty of care -- RMBCA
- 5.9.2. "Garden Variety" Business Judgment Rule
- The Business Judgment Rule (CORP08)
- 5.9.2.1. Delaware Business Judgment Doctrine
- 5.9.2.1.1. "Unocal" Doctrine
- 5.9.2.1.2. "Revlon" and "Blasius" doctrines
- 5.9.2.2. Business Judgment Rule in Shareholder Derivative Litigation
- 5.9.3. Duty of loyalty
- 5.9.4. "Corporate opportunity" doctrine
- 5.9.5. Controlling blocks & sale of control
- 5.9.6. Proxy Solicitation
- 5.10. Changes to the corporation
- 5.10.1. Voting and Appraisal
- 5.10.2. Changes to Corporation
- 5.11. Termination
- 5.12. Closely held corporations
- 5.12.1. Defined
- 5.12.2. Stocks & transfer limits
- 5.12.3. Voting & quorum requirements
- 5.12.4. Directors and limits
- 5.12.5. Dissolution
- 5.1. What is a corporation?
- 6. Related Securities Rules
- 6.1. SEC 16(b)
- 6.2. Introduction to Federal Securities Law
- 7. Related Topics to Corporations and Business Organizations
- 7.1. Valuation
- 7.2. Capital Asset Pricing Model
