Question 1

Which of the following statements about corporate dissolution is INCORRECT?

Accepted Answer

A) A corporation cannot be forced into dissolution by a creditor. 
B) A corporation will be dissolved if all shareholders vote to do so. 
C) A secretary of state may commence a proceeding to dissolve a corporation for failure to pay taxes. 
D) A shareholder may petition a court to dissolve a "deadlocked" corporation. 
A) A corporation cannot be forced into dissolution by a creditor. 
B) A corporation will be dissolved if all shareholders vote to do so. 
C) A secretary of state may commence a proceeding to dissolve a corporation for failure to pay taxes. 
D) A shareholder may petition a court to dissolve a "deadlocked" corporation.

Question 2

A corporation that buys the assets of another corporation does not assume the other's liability unless:

Accepted Answer

A) the purchaser expressly or impliedly agrees to assume the seller's liabilities. 
B) the transaction amounts to a consolidation or merger of the two corporations. 
C) the sale is for the fraudulent purpose of avoiding the liabilities of the seller. 
D) All of the above. 
A) the purchaser expressly or impliedly agrees to assume the seller's liabilities. 
B) the transaction amounts to a consolidation or merger of the two corporations. 
C) the sale is for the fraudulent purpose of avoiding the liabilities of the seller. 
D) All of the above.

Question 3

Cash-out combinations are used to eliminate minority shareholders by forcing them to accept cash or property for their shares.

Accepted Answer

A) True 
 B)False

Question 4

Match each statement with the correct term below.
-income bonds

Accepted Answer

A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares. 
A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares.

Question 5

A shareholder of N Corporation dissents to the corporation's merger with J Corporation.If the appraisal remedy is granted,the shareholders will be paid the:

Accepted Answer

A) par value of their shares. 
B) stated value of their shares. 
C) fair value of their shares. 
D) accounting book value of their shares. 
A) par value of their shares. 
B) stated value of their shares. 
C) fair value of their shares. 
D) accounting book value of their shares.

Question 6

A "short-form merger" requires shareholder approval of both corporations.

Accepted Answer

A) True 
 B)False

Question 7

Jasmine owns a controlling interest in the Hardwick Company.Explain her responsibilities if she wants to privately sell her interest.

Accepted Answer

One or a few shareholders who own a cont

Question 8

Match each statement with the correct term below.
-treasury stock

Accepted Answer

A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares. 
A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares.

Question 9

A corporation may accomplish acquiring all or substantially all assets of another corporation by:

Accepted Answer

A) purchase or lease of other corporations' assets. 
B) purchase of a controlling stock interest in other corporations. 
C) merger with other corporations. 
D) consolidation with other corporations 
E) All of the above. 
A) purchase or lease of other corporations' assets. 
B) purchase of a controlling stock interest in other corporations. 
C) merger with other corporations. 
D) consolidation with other corporations 
E) All of the above.

Question 10

Statutory provisions do not protect creditors upon the dissolution of a corporation.

Accepted Answer

A) True 
 B)False

Question 11

Match each statement with the correct term below.
-straight voting

Accepted Answer

A) Directors are elected by a plurality of votes. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Permits a domestic business corporation to become a domestic or foreign partnership, LLC, or other entity; permits a domestic of foreign partnership, LLC, or other entity to become a domestic business corporation. 
D) Change of a corporation's state of incorporation. 
E) Entitles each shareholder to give one candidate as many votes as the number of directors to be elected multiplied by the number of shares owned.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder to enforce a claim against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Fiduciary obligation of faithfulness; subordination of self-interest.
K)Must act within their respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)The combination of two or more corporations into a new corporation.
N)Precludes imposing liability on directors and officers for honest mistakes in judgment if they act in good faith with due care.
O)A general invitation to all the shareholders of a target company to sell their shares at a specified price. 
A) Directors are elected by a plurality of votes. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Permits a domestic business corporation to become a domestic or foreign partnership, LLC, or other entity; permits a domestic of foreign partnership, LLC, or other entity to become a domestic business corporation. 
D) Change of a corporation's state of incorporation. 
E) Entitles each shareholder to give one candidate as many votes as the number of directors to be elected multiplied by the number of shares owned.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder to enforce a claim against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Fiduciary obligation of faithfulness; subordination of self-interest.
K)Must act within their respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)The combination of two or more corporations into a new corporation.
N)Precludes imposing liability on directors and officers for honest mistakes in judgment if they act in good faith with due care.
O)A general invitation to all the shareholders of a target company to sell their shares at a specified price.

Question 12

Discuss what happens to a corporation after dissolution and what protection is afforded creditors of the corporation.

Accepted Answer

a.No.The acquiring corporation,Action,is

Question 13

A merger of Parker Corporation with Jones Corporation that results in only Parker Corporation's surviving normally would require approval of:

Accepted Answer

A) Parker's and Jones' boards. 
B) Parker's shareholders. 
C) Jones' shareholders. 
D) All of the above. 
E) Only (a) and (b). 
A) Parker's and Jones' boards. 
B) Parker's shareholders. 
C) Jones' shareholders. 
D) All of the above. 
E) Only (a) and (b).

Question 14

Match each statement with the correct term below.
-duty of diligence

Accepted Answer

A) Directors are elected by a plurality of votes. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Permits a domestic business corporation to become a domestic or foreign partnership, LLC, or other entity; permits a domestic of foreign partnership, LLC, or other entity to become a domestic business corporation. 
D) Change of a corporation's state of incorporation. 
E) Entitles each shareholder to give one candidate as many votes as the number of directors to be elected multiplied by the number of shares owned.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder to enforce a claim against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Fiduciary obligation of faithfulness; subordination of self-interest.
K)Must act within their respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)The combination of two or more corporations into a new corporation.
N)Precludes imposing liability on directors and officers for honest mistakes in judgment if they act in good faith with due care.
O)A general invitation to all the shareholders of a target company to sell their shares at a specified price. 
A) Directors are elected by a plurality of votes. 
B) Authorization to vote another's shares at a shareholder meeting. 
C) Permits a domestic business corporation to become a domestic or foreign partnership, LLC, or other entity; permits a domestic of foreign partnership, LLC, or other entity to become a domestic business corporation. 
D) Change of a corporation's state of incorporation. 
E) Entitles each shareholder to give one candidate as many votes as the number of directors to be elected multiplied by the number of shares owned.
F)Minimum number necessary to be present at a meeting in order to transact business.
G)Brought by shareholder on behalf of the corporation to enforce a right belonging to the corporation.
H)Brought by a shareholder to enforce a claim against the corporation based upon his ownership of shares.
I)Must exercise ordinary care and prudence.
J)Fiduciary obligation of faithfulness; subordination of self-interest.
K)Must act within their respective authority.
L)The combination of assets of two or more corporations into one of the corporations.
M)The combination of two or more corporations into a new corporation.
N)Precludes imposing liability on directors and officers for honest mistakes in judgment if they act in good faith with due care.
O)A general invitation to all the shareholders of a target company to sell their shares at a specified price.

Question 15

Generally,the secretary of state may commence an administrative proceeding to dissolve a corporation when the corporation:

Accepted Answer

A) does not pay franchise taxes or penalties immediately when due. 
B) does not deliver its annual report within ten days after it is due. 
C) is without a registered agent in the state for more than 60 days. 
D) All of the above. 
A) does not pay franchise taxes or penalties immediately when due. 
B) does not deliver its annual report within ten days after it is due. 
C) is without a registered agent in the state for more than 60 days. 
D) All of the above.

Question 16

Management buyouts commonly make extensive use of borrowed funds.

Accepted Answer

A) True 
 B)False

Question 17

Match each statement with the correct term below.
-publicly held corporation

Accepted Answer

A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares. 
A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares.

Question 18

Match each statement with the correct term below.
-preemptive right

Accepted Answer

A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares. 
A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares.

Question 19

Match each statement with the correct term below.
-preferred stock

Accepted Answer

A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares. 
A) Debt agreement specifying loan terms. 
B) One created under the laws of a given state. 
C) One created under the laws of any other state or jurisdiction. 
D) Person who takes the preliminary steps to organize a corporation. 
E) Person who signs the articles of incorporation.
F)Rules governing a corporation's internal management.
G)One formed in substantial compliance with the incorporation statute and having all corporate attributes.
H)One not formed in compliance with the statute but recognized for most purposes as a corporation.
I)One whose shares are owned by a large number of people and are widely traded.
J)One created to administer a unit of local civil government.
K)Any action taken or contract made by a corporation that goes beyond its express and implied powers.
L)Source of capital creating no ownership interest and involving the corporation's promise to repay funds loaned to it.
M)A type of debt security.
N)Person who agrees to purchase stock in a corporation.
O)Condition the payment of interest to some extent on corporate earnings.
P)Bonds subject to redemption.
Q)Eligible corporation electing to be taxed as a partnership.
R)Corporate ownership interest having superior contractual rights with regard to dividends, liquidation rights, or both.
S)May be exchanged for other securities.
T)Claims against a corporation's general assets and also a lien on specific property.
U)Basic organizational document of a corporation; charter.
V)Shares reacquired by a corporation.
W)Opportunity to purchase a pro rata share of new stock offerings.
X)Source of capital creating an ownership interest in the corporation.
Y)A corporation's exercise of the right to repurchase its own shares.

Question 20

If Barker Co.buys 51% of the shares of Carter Co.:

Accepted Answer

A) Carter Co.'s board would have to approve the sale. 
B) Barker Co.'s board would have to approve the sale. 
C) both boards would have to approve the sale. 
D) both sets of shareholders would have to approve the sale. 
A) Carter Co.'s board would have to approve the sale. 
B) Barker Co.'s board would have to approve the sale. 
C) both boards would have to approve the sale. 
D) both sets of shareholders would have to approve the sale.

Exam 36: Fundamental Changes of Corporations

Which of the following statements about corporate dissolution is INCORRECT?

A corporation that buys the assets of another corporation does not assume the other's liability unless:

Cash-out combinations are used to eliminate minority shareholders by forcing them to accept cash or property for their shares.

Match each statement with the correct term below. -income bonds

A shareholder of N Corporation dissents to the corporation's merger with J Corporation.If the appraisal remedy is granted,the shareholders will be paid the:

A "short-form merger" requires shareholder approval of both corporations.

Jasmine owns a controlling interest in the Hardwick Company.Explain her responsibilities if she wants to privately sell her interest.

Match each statement with the correct term below. -treasury stock

A corporation may accomplish acquiring all or substantially all assets of another corporation by:

Statutory provisions do not protect creditors upon the dissolution of a corporation.

Match each statement with the correct term below. -straight voting

Discuss what happens to a corporation after dissolution and what protection is afforded creditors of the corporation.

A merger of Parker Corporation with Jones Corporation that results in only Parker Corporation's surviving normally would require approval of:

Match each statement with the correct term below. -duty of diligence

Generally,the secretary of state may commence an administrative proceeding to dissolve a corporation when the corporation:

Management buyouts commonly make extensive use of borrowed funds.

Match each statement with the correct term below. -publicly held corporation

Match each statement with the correct term below. -preemptive right

Match each statement with the correct term below. -preferred stock

If Barker Co.buys 51% of the shares of Carter Co.:

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

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Contractual Capacity

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Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability: Warranties and Strict Liability

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

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Introduction to Property, property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

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