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250 sec. 1 - Business Associations (Fall 2012)

Instructor: Justin McCrary  (view instructor's teaching evaluations | profile)
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Units: 4
Meeting Time: MTu 3:35-5:25
Meeting Location: 105

Course Start: August 27, 2012
Course Control Number (Non-1Ls): 49640


In virtually every area of legal practice, some rudimentary knowledge about the laws governing business organizations (and particularly corporations) proves helpful. This 4-unit survey course provides much of that orientation, examining the laws governing the modern business organization (with an emphasis on corporations). We will cover a number of topics, including rules of agency law, partnership law, corporate formation, corporate identity, rights of creditors, fiduciary duties, corporate governance, executive compensation, mergers and acquisitions and securities fraud. At core, this is a survey course, so many of the topics we will discuss also have specialized courses offering a more detailed treatment. Consequently, our key goal will be to understand the rudimentary structure of each topic, and how the topics interrelate and in particular how corporate law regulates relationships among multiple different constituencies of the firm, including owners, managers, creditors, employees, customers, and suppliers. Viewed in this light, the governance of a corporation implicates the same challenges and concerns that affect any multi-party economic relationship, ranging from problems of collective action, free riding, private information, distribution and opportunism. The laws governing business organizations constitute an important set of rules, institutions, and practices that regulate and address these concerns.

Prerequisites:
Students must have had a course in contract law (either prior or concurrent to enrollment). For LL.M.'s who have not taken the course, a foreign contract law course will suffice, or consent of the instructor based on sufficient practice experience in similar fields.

Exam Notes: F
Course Category: Business Law

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Books:
Required Books are in blue

  • Business Associations: Cases and Materials on Agency, Partnerships, and Corporations
    William A. Klein, J. Mark Ramseyer, Stephen M. Bainbridge
    Edition: 8th edition
    Publisher: Foundation Press
    ISBN: 9781609300647
    Copyright Date: To Be Determined
    Price: To Be Determined
  • Business Associations: Agency, Partnerships, LLCs, and Corporations--2011 Statutes and Rules
    William A. Klein, J. Mark Ramseyer, Stephen M. Bainbridge
    Edition: 2011
    Publisher: Foundation Press
    ISBN: 9781599419657
    Copyright Date: To Be Determined
    Price: To Be Determined

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