Business Associations Grid

Business Associations Subject Outline with CALI Lessons

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1.

Agency

1.1.

What is an agency?

1.1.1.

Defined

• Introduction to Agency: Defining Agency Relationships

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

1.6.1.

Authority of the agent: actual, apparent and ostensible

1.6.2.

Scope of agent's authority

• Authority: Actual, Apparent, and Inherent

1.6.3.

Termination of agent's authority

1.6.4.

Agent's inherent powers

• Authority: Actual, Apparent, and Inherent

1.6.5.

Imputed knowledge of the agent to the principal

1.6.6.

Ratification

• Ratification

1.6.7.

Disclosed vs. undisclosed principals

1.6.8.

Master-Servant relationship

• Master and Servant Relationships

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

• Liability of Agent to Third Parties: On the Contract and Warranty of Authority

1.7.2.

For agent's contracts

• Liability of Agent to Third Parties: On the Contract and Warranty of Authority

1.7.3.

For agent's torts

1.8.

Liability of third person to:

1.8.1.

Agent

1.8.2.

Principal

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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

• Are You My Partner? Is This a Partnership?

• Has a Partnership Formed? PodCast

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

• Are You My Partner? Is This a Partnership?

• Has a Partnership Formed? PodCast

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

• Management and Financial Rights of Partners

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

• Liability of Agent to Third Parties: On the Contract and Warranty of Authority

2.7.3.

Authority of partners to bind the partnership

• Authority of Partners to Bind the Partnership

2.8.

Dissolution/Dissociation

2.8.1.

Causes for dissolution

• Partnership Dissociation

2.8.2.

RUPA Dissociation

• Partnership: Dissolution and the Article 7 Buyout Obligation

2.8.3.

Winding up - Distribution of Partnership Assets

• Partnership: Winding Up, Partnership Accounts, and Distribution of Profits and Losses

2.8.4.

Rights of partners

2.9.

Limited Liability Partnership

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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)

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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)

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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

5.3.1.

Mechanics of forming a corporation

5.3.2.

Problems of defective incorporation

5.4.

Piercing the corporate veil

• Piercing the Corporate Veil

5.5.

Stocks

5.5.1.

Classification of shares & valuation

5.5.2.

Kinds of stock

• Types of Securities

5.5.3.

Issuance of shares

• Issuance of Shares - Part I

5.5.4.

Dividends

• Corporate Distributions

5.5.5.

Paying for equity shares

5.5.5.1.

Type of consideration

• Issuance of Shares - Part IIA

5.5.5.2.

Amount of consideration

• Issuance of Shares - Part IIB

5.5.6.

Preemptive rights

• Issuance of Shares - Part III

5.6.

Powers

5.6.1.

Ultra vires doctrine (then and now)

• The Ultra Vires Doctrine

5.6.2.

Directors powers

5.6.3.

Officers

5.6.4.

Director's Conflicting Interest Transactions

• What is a Director's Conflicting Interest Transaction?

5.6.5.

Judicial Review of Director's Conflicting Interest Transaction

• Judicial Review of Directors' Conflicting Interest Transactions

5.7.

Shareholders

5.7.1.

Rights of shareholders - (inspection, overview of rights of shareholders)

• Shareholder Inspection Rights

5.7.2.

Shareholder suits

• Shareholder Derivative Actions

5.7.2.2.

Special Litigation Committee

• The Business Judgment Rule in Shareholder Derivative Litigation II: the Special Litigation Committee

5.7.3.

Shareholder Agreements - RMBCA sec. 7.32

• Shareholder Agreements Under RMBCA Section 7.32

5.8.

Voting

5.8.1.

Straight vs. cumulative

• Shareholder Voting: 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

5.9.2.1.

Delaware Business Judgment Doctrine

5.9.2.1.1.

"Unocal" Doctrine

• Delaware's Judicial Review of Board Action in Transactions Involving Corporate Control I: UNOCAL

5.9.2.1.2.

"Revlon" and "Blasius" doctrines

• Delaware's Judicial Review of Board Action in Transactions Involving Corporate Control II: REVLON and BLASIUS

5.9.2.2.

Business Judgment Rule in Shareholder Derivative Litigation

• The Business Judgment Rule in Shareholder Derivative Litigation I: Demand Upon the Board

5.9.3.

Duty of loyalty

5.9.4.

"Corporate opportunity" doctrine

• Corporate Opportunity Doctrine

5.9.5.

Controlling blocks & sale of control

• Types of Business Combinations

5.9.6.

Proxy Solicitation

• Introduction to the Federal Regulation of Proxy Solicitation

5.10.

Changes to the corporation

5.10.1.

Voting and Appraisal

• Shareholder Appraisal Rights

5.10.2.

Changes to Corporation

• Shareholder Voting Rights in Fundamental Changes

• Types of Business Combinations

5.11.

Termination

5.12.

Closely held corporations

5.12.1.

Defined

5.12.2.

Stocks & transfer limits

5.12.3.

Voting & quorum requirements

• Voting Trusts and Voting Agreements

5.12.4.

Directors and limits

5.12.5.

Dissolution

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6.

Related Securities Rules

6.1.

SEC 16(b)

• Section 16(b) of the Securities Exchange Act of 1934

6.2.

Introduction to Federal Securities Law

• Business Financing and the Federal Securities Laws

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7.

Related Topics to Corporations and Business Organizations

7.1.

Valuation

• Valuation: Basic Skills

7.2.

Capital Asset Pricing Model

• The Capital Asset Pricing Model