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Learning Objectives Explain the attributes of a limited liability company and a member’s default rights and liabilities Explain the attributes of a limited partnership and limited liability limited partnership and the default rights and liabilities of partners

19 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 1070 | Lượt tải: 0

Learning Objectives Define dissociation and identify actions that cause wrongful and nonwrongful dissociations Understand the causes of dissolution and the process of winding up Identify issues involved in adding new partners to existing partnerships

17 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 958 | Lượt tải: 0

Learning Objectives List and explain duties partners owe to the partnership and each other Explain why partnership agreements can resolve issues about partners’ management and compensation rights Describe the liability of partners for torts and contracts

16 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 1216 | Lượt tải: 0

Learning Objectives Choose an appropriate form of business for a particular enterprise and list characteristics of each form Describe creation and risks of being a partner or purported partner Identify partnership capital, property, and interests

18 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 1044 | Lượt tải: 0

Learning Objectives Know when an agent has authority to bind a principal to a contract Understand when an agent may be liable on contracts s/he makes for the principal Recognize when an agent’s conduct makes a principal liable for torts committed by the agent

16 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 990 | Lượt tải: 0

Learning Objectives Know how an agency relationship is created and terminated Distinguish employees from nonemployee agents Recognize when an agent risks breaching a fiduciary duty

16 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 1133 | Lượt tải: 0

Learning Objectives Recall that bank must pay any properly drawn & payable check Explain bank’s obligation to customer when presented with stop-payment order, certified check, cashier’s check, or a forged or altered check Discuss major features of Electronic Funds Transfer Act

20 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 978 | Lượt tải: 0

Learning Objectives Explain difference between primary and secondary liability List five warranties made to transfer negotiable instruments and three warranties made when presenting these for payment or acceptance Discuss three exceptions to normal liability rules

18 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 1103 | Lượt tải: 0

Learning Objectives Explain the process of transferring negotiable instruments from one person to another Distinguish order paper from bearer paper, and blank, special, restrictive, and qualified indorsements Identify and explain requirements for becoming a holder in due course

17 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 931 | Lượt tải: 0

Learning Objectives Explain advantages of commercial paper and the requirements to qualify as a negotiable instrument Identify different types of negotiable instruments and the key features Apply UCC rules for situations when the terms of an instrument are ambiguous or inherently conflicting

17 trang | Chia sẻ: baothanh01 | Ngày: 12/10/2018 | Lượt xem: 1185 | Lượt tải: 0