Management and Organizational Studies 2275A/B Chapter Notes - Chapter 16: Fiduciary, Transfer Tax, Law Of Agency

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

Document Summary

When that person or persons commit a tort related to the business enterprise, this conduct is identi ed with or attributed to the corporation itself. !2: from a risk management perspective, people would probably do well to avoid pre- incorporation contracts. Regulatory o ences: an o ence contrary to the public interest, have a criminal aspect because they involve some kind of punishable conduct that is contrary to the public interest. They delegate the duties to appointed o cers; however, this delegation does not relieve the directors of ultimate responsibility for the management of the corporation. The fiduciary duty: the self-dealing contract: a contract in which a duciary has a con ict of interest, ex. Luke the president of a company is looking to buy furniture from his company and he has several desks in his garage he has been looking to sell, so he decides to buy them from himself.