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Questions & Answers: Business Associations

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2nd Edition
ISBN: 9780327170471
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Understand better what you’re learning in Business Organizations, Corporations, or Agency and Partnership class and prepare effectively for exams by applying concepts as you learn them. This study guide includes over 190 multiple-choice and short-answer questions arranged topically for ease of use during the semester, plus an additional set of 28 questions comprising a comprehensive “practice exam.”

For each multiple-choice question, Professor Branson provides a detailed answer that indicates which of four options is the best answer and explains thoroughly why that option is better than the other three options. Each short-answer question is designed to be answered in fifteen minutes or less. For these questions, Professor Branson provides a thoughtful, comprehensive, yet brief model answer.

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Professors and adjunct professors may request complimentary examination copies of LexisNexis law school publications to consider for class adoption or recommendation. Please identify the book(s) you wish to receive, provide your institutional contact information, and submit your request here.

Table of Contents

Topic 1: Partnership Formation
Topic 2: Partnerships vs. Joint Ventures
Topic 3: Partners' Fiduciary Duties
Topic 4: Partners' Authority
Topic 5: Partnership Dissolution
Topic 6: Contracting to Prevent Opportunistic Withdrawal

Topic 7: Limited Partnerships
Topic 8: Family Limited Partnerships
Topic 9: Limited Liability Companies (LLCs)
Topic 10: Limited Liability Partnerships

Topic 11: Choice of Corporate Entity and Formation
Topic 12: Ultra Vires Acts
Topic 13: Liability on Preincorporation Contracts
Topic 14: Defective Corporate Existence
Topic 15: Piercing the Corporate Veil
Topic 16: Corporate Finance
Topic 17: Shareholder Governance
Topic 18: Governance - The Board of Directors
Topic 19: Officers and Agents
Topic 20: Duty of Care
Topic 21: Business Judgment Rule
Topic 22: Duty of Loyalty
Topic 23: Insider Trading
Topic 24: Responsibilities of Controlling Shareholders
Topic 25: Closely-Held Corporations
Topic 26: Share Transfer Restrictions (Buy-Sell Agreements) and Comprehensive Shareholder Agreements
Topic 27: Protecting Directors
Topic 28: Shareholder Litigation
Topic 29: Mergers and Acquisitions

PRACTICE FINAL EXAM