Please enable JavaScript.
Coggle requires JavaScript to display documents.
Business topics - Coggle Diagram
Business topics
Partnerships
working life: all partners are liable for all obligations to the partnership; each partner is individually liable for the entire amount of the partnership agreement
dissociation/dissolution
dissolution- at this time, partnership only exists to wind-down
dissociation- refers to the partner's separation from the partnership including death, withdrawal, bankruptcy, or expulsion. Partnership still alive at this point. Partner generally has the authority to dissociate, but not always without liability if it is a wrongful dissociation
-
-
-
Corporations
-
-
formation
Promoter liability- promoters are personally liable for contracts entered into on behalf of the corp before it is officially established
-
-
Agency
Torts
-
-
3rd party v principal-
agent as employee: p[rincipal is vicariously liable for actions of employee while acting within scope of employment
agent as independent contractor: general rule is that principal has no liability. Exceptions: inherently dangerous activities; nondelegable duties; loaned agent; negligent selection of contractor
principal v agent- agents are liable to P for breach of their duties to P. Duties include (COLA): duty of care, obedience, loyalty, and account
concede
-
Agent v principal- contractual duties owed to agents: compensate, indemnify, reimburse, cooperate
3rd party v principal- an agent acting within the scope of their authority may bind the the P in contract. Types of authority:
-
-
-
-