Unincorporated Business Entities

Credit Hours: 2

This course focuses principally on state law governing agency, partnership, and LLC entities. At various points LLC law may overlap with corporate law. The course will focus on agency costs, fiduciary duties, vicarious liability, abuse of control, and the impact of human nature on the structure of a transaction. Liability issues will arise out of the contractual agreement of the parties, default rules, and agency/principal rules.