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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

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