Business Entities I: Unincorporated Bus. Entities
Credit Only: N Anon Gr: Y
This course surveys the law of unincorporated business entities. The agency law part of the course will focus on the agency relationship and, more specifically, the duties and obligations of principals and agents to one another and to third parties. Agency law concepts apply to LLCs, partnerships and other business entities. The partnership law part of the course will cover the fiduciary obligations of partners, partners' management and property rights, and partnership dissolutions. The final part of the course will examine limited liability entities, with emphasis on the formation, organization, and dissolution of limited liability companies.