COMM 304 Lecture Notes - Lecture 1: Mens Rea, Undue Influence, Debenture
Document Summary
Reason why a corporation must end their name in a certain way is to let x" know that he is dealing with a corporation and not the individuals. (limited means shareholders are limited in their liability) Corporation"s assets go to a" and b" first if they lower their debenture. Corp. can commit a criminal offense (no jail, but a fine is levied) Rules the corporations must follow board of directors may contain restrictions such as how shareholders are expelled. Share structure can give corporation any share structure we want, such as authorized share capital. Meaningless because the corporation is still one person, has no assets has nothing, so not to be misled by authorized share capital it has nothing. How does the law define fraud: a false representation of materials facts made with knowledge of its falsity. She: my isn"t that a lovely piece of dresden, china.
