Business Associations I

Business Associations I

When engaging in business, the rights, powers, duties, and obligations of the business itself, and of the owners, directors, officers, managers, and other agents of the business, depend on the form of the business association.  Students in this course will study the law governing the attributes of corporations, partnerships, and limited liability companies, and how these business associations are organized, operated, merged, dissolved, and acquired.  Further, as business associations exist only as intangible legal creations, they must act through their agents.  As such, this course also introduces students to agency law and the attendant legal duties of individuals who assume responsibility for the management of business associations.  As part of this course, students will be faced with problems involving claims against and the defense of business associations and their agents, and tasked with drafting incorporation and board documents based on factual situations.