Brief study of agency, partnership and limited liability companies, focusing chiefly on the investor’s potential personal liability and right to participate in enterprise control. Intensive investigation of the structure and characteristics of the modern business corporation, both the large, publicly held enterprise and the small, closed-ownership, group-type business. Promotion and organization of corporations, distribution of power between management and shareholders and the manner in which such power may be exercised, limitations on corporation powers imposed by the fiduciary principle and by federal regulation, and enforcement of corporate duties through shareholders’ derivative suits and other actions. Bar course.
Bar course. UP point eligible course. Subject to grade curve. This is primarily a lecture course emphasizing “law and economics” theory. The content is focused on preparing students to work as business lawyers. Room 103 is reserved for students to view this class as needed in Charney.
The final exam for this course will take place IN-PERSON in Charney Hall. No exceptions.