• This Subject Area Index lists all CALI lessons covering Corporations.
  • The Business Associations & Corporations Outline allows you to search for terms of art that correspond to topics you are studying to find suggestions for related CALI Lessons.
Lesson Viewed

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

This lesson will familiarize students with the "Revlon" and "Blasius" doctrines, standards of judicial review under Delaware law. The Revlon doctrine applies to board actions taken when a change of control or sale of the corporation is inevitable. The Blasius doctrine applies when a board has acted with the primary purpose of interfering with a shareholder vote.

Lesson Viewed

Employer and Employee Relationships

This lesson examines the creation of the employer/employee relationship (formerly master/servant relationship) in agency law and contrasts that relationship with the status of independent contractor. The lesson provides an opportunity to think about why the distinction is important and how to tell whether a given relationship rises to the level of being an employer/employee relationship or is merely an independent contractor relationship.

Lesson Viewed

Equitable Elimination of Entity Separation: Veil Piercing, Lender Liability, Equitable Consolidation

This lesson looks at the courts' intervention with the abuse of separateness that mostly we associate with piercing the corporate veil. Courts intervene to circumvent separateness using three doctrines: lender liability, veil piercing, and equitable consolidation in bankruptcy.

Lesson Viewed

Issuance of Shares - Part I

This lesson focuses on basic concepts and terminology and addresses issues contained in what are called the legal capital provisions of corporate codes. You will encounter equity capitalization, par value, capital, capital surplus and earned surplus accounts in a balance sheet.

Lesson Viewed

Issuance of Shares - Part III

This lesson is the FINAL lesson in a FIVE part series dealing with the ways a corporation is financed, that is, the ways in which a company raises money to pay for its ongoing operations. BEFORE beginning this lesson, you should have completed ALL of the previous lessons and have mastered the concepts introduced in each of the previous lessons. This lesson builds on those earlier lessons. The FIRST lesson in the series is called Types of Securities, Corp27.

Lesson Viewed

Judicial Review of Directors' Conflicting Interest Transactions

This lesson discusses judicial review of director's conflicting interest transactions under subchapter F of chapter 8 of the revised Model Business Corporation Act. The definition of "director's conflicting interest transaction" is not discussed; that is dealt with in a companion lesson, What is a Director's Conflicting Interest Transaction? The two lessons may be done in either order.