Business Organizations and Law
Introduction to the legal system as it affects business activity. The primary concentration is on the law of corporations, both public and closely held. Topics include corporate formation, the authority and duties of corporate managers including the duty of care and duty of loyalty, principles of the law of contracts, agency relationships and the documents required to create corporations, partnerships and limited liability companies. This course will give the student a basic understanding of common American Business entitles including Sole Proprietorships, Partnerships, Limited Partnerships, and Corporations, and the differences between each of these entities. It will cover the statues governing each of these entities and the legal framework within which each of these entities must operate.
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