An introduction to the language and law of business organizations, including agency, partnership, and business corporations. Topics include formation and structure of the corporation, power and fiduciary responsibility of management, rights and liabilities of shareholders, corporate capital structure and finance, shareholders' derivatives litigation, acquisitions and tender offers, and insider trading. Federal securities law is introduced.
A study of the legislative, executive, and judicial control of administrative action. The course includes discussion of formal and informal administrative processes, the opportunity to be heard, adequacy of notice, restrictions on the deciding body, and appellate review.
An introduction to the basic foundations of enforceability of contractual arrangements: formation, performance, breach and damages, rights of third parties, conditions, Statute of Frauds, and assignments. Inquiry is made into the historical developments of contract law and nineteenth-century notions of the doctrine of consideration in light of developing twentieth-century concepts and alterations. Economic aspects of the subject are considered along with modern statutory developments, including the Uniform Commercial Code.
