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Business Law
What Is Commercial Law? A Complete Guide to the Law of Business Transactions
What Is Commercial Law? A Complete Guide to the Law of Business Transactions Introduction Every day, businesses buy and sell goods, borrow m

Business Law
Partnership Dissolution and Winding Up: How a Partnership Comes to an End
Partnership Dissolution and Winding Up: How a Partnership Comes to an End Introduction A partnership does not necessarily end the moment the

Business Law
Partnership Property: Ownership, Use, Control, and Transfer of Property in a Partnership
Partnership Property: Ownership, Use, Control, and Transfer of Property in a Partnership Introduction A partnership is not simply a group of

Business Law
Vicarious Liability in Business Relationships: When One Person or Company Is Liable for Another’s Conduct
Vicarious Liability in Business Relationships: When One Person or Company Is Liable for Another’s Conduct Introduction Business relationship

Business Law
Employer and Employee vs. Principal and Agent: Understanding the Legal Difference
Employer and Employee vs. Principal and Agent: Understanding the Legal Difference Introduction The terms employer and employee and principal

Business Law
Ratification in Agency Law: How Principals Approve Unauthorized Acts
Ratification in Agency Law: How Principals Approve Unauthorized Acts Introduction Agency law normally assumes that an agent acts within the

Business Law
Actual Authority vs. Apparent Authority: Understanding the Difference in Agency Law
Actual Authority vs. Apparent Authority: Understanding the Difference in Agency Law Introduction One of the most important questions in agen

Business Law
Principal and Agent: Roles, Authority, Duties, and Legal Responsibility
Principal and Agent: Roles, Authority, Duties, and Legal Responsibility Introduction Modern business rarely operates through one person doin

Business Law
Agency Law and Business Relationships
Agency Law and Business Relationships Businesses rarely act entirely through the people who own them. A corporation cannot physically negoti

Business Law
Corporate Officers
Corporate Officers A corporation may have a board of directors responsible for overall governance, but a board cannot run every aspect of a

Business Law
Directors and Boards of Directors
Directors and Boards of Directors A corporation is a legal person, but it cannot think, deliberate, or act by itself. It needs human beings

Business Law
Classes of Corporate Stock
Classes of Corporate Stock A corporation does not necessarily have only one kind of stock. Modern corporate law allows corporations to creat
