Management and Organizational Studies 2275A/B Chapter Notes - Chapter 16: Derivative Suit, Oppression Remedy, Avail

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Frederick King

Document Summary

Chapter 16 the corporate form: operational matters. A corporation may have more than 1 directing mind. A corporation has vicarious liability when the tort has been committed by an agent or employee who is not a directing mind of the corporation: does not distinguish between the natural/artificial employer/principal. Agency law largely determines when a corporation is liable on a contract and when it is not. A corporation is bound by the actions of the agent only if the agent is acting within his actual or apparent authority. After the doctrine of constructive notice was abolished, outsiders could now generally rely on the apparent authority of agents. A directing mind of a corporation is an individual who exercises decision-making authority in. Poses the same conceptual problems as tort liability. The identification theory has been adapted to this scenario matters of corporate policy.