Book Description:
Updated to reflect the substance and implications of the significant changes in the law of business organizations, this fifth edition employs a variety of pedagogical approaches designed to promote a comprehensive understanding of the full body of business associations law and practice. The organization aims to promote optimal teaching flexibility, allowing professors to choose from a balanced mix the cases, problems, and textual readings most suitable for their individual course. The book is designed to be used in a three or four semester corporations law or business association course. The first two chapters deal with unincorporated business organizations and the remaining chapters focus on corporations. Most chapters open with a situation involving one or more hypothetical clients, with later situations building on earlier ones. These optional problems can be used to stimulate classroom discussion, to place the cases and other materials in an understandable context, or can be omitted entirely. Because this is a teaching device rather than a research tool, the authors heavily edited the cases, omitting both footnotes and internal citations while preserving the most important language. Textual readings contain background materials on related areas such as securities regulation to impart a greater understanding of the larger picture. The appendices include an introduction to financial statements and selected provisions from the Restatement (Second) of Agency and the Model Rules of Professional Conduct. The accompanying teacher's manual has also been expanded from prior versions. It explains the authors' conception of the materials; offers a detailed analysis of the key cases; and proposes answers and explanations for the hypothetical situations.
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