3.00 Credits
Studies the law of agency relationships and business associations including partnerships, limited liability companies and corporations. It deals with legal considerations in the formation, carrying on and termination of business enterprises. Among the matters considered are the management and control of business enterprises, the liabilities of their owners and the transferability of ownership interests. It covers various matters of litigation involving business enterprises. For example, the course considers who may be held liable in contract and tort cases when a business enterprise is sued. It studies the fiduciary duties of management, such as corporate officials, to business associations and their owners and it considers issues arising in suits based on breach of such duties. The course also considers the protection afforded investors by federal securities law. Listing of the above items is not intended to be all inclusive. Students are invited to consult with the instructor regarding specific information.