MCS 3040 Chapter Notes - Chapter 16: Intangible Property, Financial Statement, Patent Infringement

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Joseph Radocchia

Document Summary

Mcs3040 week 11 (chapters 16, 17, & 18) Chapter 16 the corporate form: operational matters. Identification theory: a theory specifying that a corporation is liable when the person committing the wrong is the corporation"s directing mind. Regulatory offence: an offence contrary to the public interest. Self-dealing contract: a contract in which a fiduciary has a conflict of interest. Corporate opportunity: a business opportunity in which the corporation has an interest. Indemnification: the corporate practice of paying the litigation expenses of officers and directors for lawsuits related to corporate affairs. Lifting the corporate well: determining that the corporation is not a separate legal entity from its shareholders. Preferred share: a share or stock that has a preference in the distribution of dividends and the proceeds on dissolution. Common share: a share that generally has a right to vote, share in dividends, and share in proceeds on dissolution. Proxy: a person who is authorized to exercise a shareholder"s voting rights.