AFM231 Chapter Notes - Chapter 16: Fiduciary, Law Of Agency, Improper Conduct
11 Jul 2018
School
Department
Course
Professor
Document Summary
Afm 231 chapter 16: corporate form operational matters. The chapter brings together various concepts already studied, including contract, tort and agency law, and fiduciary duties, and shows how they create liability for corporations. Also discussed are the duties and liabilities of directors and officers, and the rights and liabilities of shareholders. Particularly important to understand in your future lives as professionals are: corporate governance rules with how corporation is governed, describes how the corporation is run the rules and practices that determine the functioning of the corporation. The various types of liability that can attach to a corporation, including in tort and contract, and criminal/regulatory liability, and how each arise. The policy reasons for holding/not holding corporations criminally liable. Person discloses contract to corp. in writing. Contract is fair and reasonable: abuse of corporate opportunities business opportunity in which corporation has interest (6 factors):
