This class was created by Brainscape user Drew Johnson. Visit their profile to learn more about the creator.

Decks in this class (22)

Overview & Agency
Co ownership,
Transaction cost theory,
What is agency
19  cards
Duties Agents owe to Principal
Duties agents owe to p,
Duties owed rest,
Remedy for breach
9  cards
Master and Servant
Three questions for master and se...,
Master definition,
Servant definition
14  cards
Simplified Authority
Actual,
Apparent,
Inherent
5  cards
Partnership (GP)
Partnership is the,
Partnership as a matter of law,
Elements of a partnership
14  cards
Rights powers duties of partners
Rights powers and duties of partners,
Joint agency,
Decisions in pship
16  cards
Dissolution
Dissolution is,
3 braod types of dissolution,
Dissolution without breach
6  cards
LLE'S
3 theories of corps,
Real entity,
Artificial person
7  cards
role and purpose of LLE
Corporations have,
Purposes of corp,
Business judgement rule
8  cards
LLE's liability
Lles limit,
Unless otherwise agreed a person ...,
If the principal remains undisclo...
16  cards
Piercing the Corporate veil
Types of piercing,
Classic piercing,
Piercing in texas
8  cards
Control & Capitalization
Cumulative voting,
Poolong agreements,
Voting trust
6  cards
Tax aspects of entity choices
Key taxes,
Business income tax,
Employee payroll tax ad fica
18  cards
General Stock
Stock is,
Value is comprised of,
Liquidiation value greater if
15  cards
Derivative Actions
Derivative actions,
Generally shareholders have no,
Representative
12  cards
Fiduciary Duties- Loyalty Self Dealing
Every partner is,
Duties for lles,
Two different duties in corporate...
18  cards
Fiduciary Duty- loyatly- corporate opportunities
Duty ofcorp officer director is d...,
Board gets to make decisions on,
Board loses authority when there is
22  cards
duty of care 1
C standard duty of care,
D leverage other peoples money,
E directors and officers are char...
12  cards
idemnification and insuracne
1 wins on the merits or otherwise,
2 loses may be indemnified if,
E when you have to indemnify
5  cards
abuse of control
A repurchase clause,
B hat test,
A we want to analyze if you have ...
5  cards
e. Fiduciary Duties
A standard fiduciary duties,
F what duty to shareholder in clo...,
2 wilks gives us three step test
9  cards
dissolution
Dissolution remedies for corporat...,
B grounds for involuntary dissolu...,
C minority shareholders aren t en...
21  cards

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BA-DJ

  • Class purpose General learning

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