BUSINESS ASSOCIATIONS (CORP7131)
4 credits. Lecture.

This course considers the organization and operation of business enterprises with particular emphasis on the corporate form.  The class includes an introduction to agency and partnership and limited liability companies.  Corporate issues to be discussed include: nature of the corporation; corporate formation; corporate privilege and power; special problems of close corporations; fiduciary duties of directors and controlling shareholders; rights of shareholders; use of proxy machinery; derivative suits; and liability for insider trading, including an analysis of SEC Rule 10b-5.