Agency, partnerships & LLCs:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Foundation Press
2004
|
| Schriftenreihe: | Concepts and insights series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 214 S. graph. Darst. |
| ISBN: | 1587785080 9781587785085 |
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Datensatz im Suchindex
| _version_ | 1804149740359647232 |
|---|---|
| adam_text | SUMMARY OF CONTENTS
Preface
-------------------------------------------................................
iii
Citation Forms
..............................-----------------------------------
v
CHAPTER
1.
Introduction: A Typology of Business
Associations
------------............................................ 1
I. The Agency Relationship
__________________________ 2
II. The General Partnership
..................---------------------- 4
III. The Limited Liability Company
------------------------------- 7
IV. The Corporation
................._______________________ 9
V. Choice of Form
________________________................ 13
CHAPTER
2.
Agency
...................................... 17
I. Who Is an Agent?
..........__________________________ 19
II. Liability of Principal to Third Parties in Contract
.........- 33
III. Liability of Principal to Third Parties in Tort
_________ 62
IV. Duties of Agents to Principals and Vice-Versa
........----- 89
CHAPTER
3.
Partnerships
................._______________ 100
I. Partnership Defined
--------------------------------------------- 101
II. Management Rights of Partners
........----------------------- 116
III. Partnership Property and Accounts--
.......................... 125
IV. Partner Liabilities
..........................._______________ 132
V. The Fiduciary Obligations of Partners
......................— 134
VI. Dissolution
......................________________________ 149
VII.
Limited Partnerships
_________......-.......................... 171
CHAPTER
4.
Limited Liability Companies
................... 178
I. Origins-—
........................_______________________ 179
II. Formation
________________..................................... 180
III. Members Interests
____________.............................- 182
IV. Governance
------------------------------------------------------- 183
V. Limited Liability and Veil Piercing in the LLC Context--
185
VI. Freedom of Contract and Fiduciary Obligation
------------ 195
VII.
Dissociation and Dissolution
_______________________ 198
VIII.
LLCs In Transactional Planning
____________________ 199
Table of Cases
------------------------------------.......................— 201
Index-—
................___________________________________ 209
vu
TABLE
OF
CONTENTS
Preface--
.....-.......-.....-.....—.....-.....—.....-.....---------------
iii
Citation Forms
-------.....-.....—.....-.....—......---------.....--------
v
CHAPTER
1.
Introduction: A Typology of Business
Associations
---------.....-------------------------------------- 1
I. The Agency Relationship
----------------------......----------- 2
II. The General Partnership
-......-.....---------------.....----- 4
III. The Limited Liability Company
---------------------.....----- 7
IV. The Corporation
___.....__________________________ 9
V. Choice of Form
.....______.....—-....._________________ 13
A. Tax Considerations
—......—.....-------------------------- 14
B. The Import Of Limited Liability
-----.....___________ 16
C. Summary
-------.....------------------------------------------ 16
CHAPTER
2.
Agency
____.....______.....______________ 17
I. Who Is an Agent?
_______.....______________________ 19
A. Breaking Down The Restatement (Second) Defini¬
tion
________.....___________.....______________ 19
B. Illustrations and Applications
------------------.....------ 23
1.
The Gratuitous Act of Kindness
------.....---------- 23
2.
The Creditor and Its Debtor
......_____....._____ 26
3.
The Manufacturer and Its Dealers
------------------- 30
4.
Baseball and Its Commissioner
---------------.....—. 31
5.
Corporate Officers and Directors
---------.....------- 32
С
General
v.
Special Agents
----.....-.....—.....----------- 32
II. Liability of Principal to Third Parties in Contract-
.....—. 33
A. Actual Authority
_____.....______________.....------- 35
1.
Express Actual Authority
-.....—.....----------------- 35
2.
Implied Actual Authority
----------.....---------------- 37
3.
A Note on Co-Agents Versus Sub-Agents
---------- 40
B. Apparent Authority
----------------------------------------- 40
С
Inherent Authority
----------------------------------------- 46
1.
Unauthorized Acts of a General Agent of an
Undisclosed Principal
------------------------------- 47
2.
Unauthorized Acts of a General Agent of a Dis¬
closed Principal
.....----------------------------------- 49
3.
Rethinking Inherent Authority
----.....------------- 50
4.
A Final Thought
___________________________ 50
D. Estoppel
____......____________________________ 51
E. Ratification
___.....—.....___________________.....- 53
1.
Ratification By Accepting Benefits of Transaction
54
ix
TABLE
OF
CONTENTS
2.
Ratification
By Litigation
----------------------------- 55
3.
When an Attempted Ratification Will Be Unavail¬
ing
____________________________________ 56
4.
Distinguishing Ratification From Authority by
Acquiescence
------------------------------------------ 57
F. Agent s Liability on the Contract
--.........------------- 57
G. Authority of Corporate Officers
--------------------------- 58
III. Liability of Principal to Third Parties in Tort
------------- 62
A. Servant Versus Independent Contractor
---------------- 63
1.
General Principles
----------........--------------------- 64
2.
Illustrations and Applications
------------------------ 65
3.
Some Concluding Thoughts on Terminology
------ 71
B. Tort Liability and Apparent Agency
--------------------- 72
C. Scope of Employment
-------------------------------------- 73
D. Liability for Agent s Fraud
_____________________ 80
E. Statutory Claims
_____________________________ 82
F. Liability for Torts of Independent Contractors
-------- 83
1.
The Principal Retains Control
------------------------ 83
2.
The Principal Hires an Incompetent Independent
Contractor
--------------------------------------------- 83
3.
Inherently Dangerous Activities
--------------------- 85
4.
Nondelegable Duties
------------------------------------ 87
IV. Duties of Agents to Principals and Vice-Versa
------------ 89
A. Duties During Agency
------------------------------------- 89
1.
Secret Profits
______________________________ 89
2.
Acting for or as an Adverse Party; Competition
— 90
3.
Abuse of Position
__________________________ 91
4.
Usurpation of Opportunities
-------------------------- 93
5.
Principal s Remedies
------------------------------------ 93
6.
Summation
----------------------------------------------- 95
B. Duties After Termination of Agency
-------------------- 95
С
Other Duties
_________________________________ 98
D. Duties of Principal to Agent
------------------------------ 99
CHAPTER
3.
Partnerships
__________________________ 100
I. Partnership Defined
--------------------------------------------- 101
A. General Principles
____________________.....-------- 102
B. Some Examples
---------------------------------------------- 104
1.
Partner or Employee?
_______________________ 104
2.
Partner or Lender?
------------------------------------- 108
C. Partnership by Estoppel
----------------------------------- 112
D. The Joint Venture
____________________________ 114
E. An Aggregate or Entity?
—
-*4
-----------------.....-------- 115
II. Management Rights of Partners
------------------------------ 116
TABLE OF CONTENTS
A. Every Partner an Agent: Management Rights and
Liabilities-
.........___..........___......___.........- 117
1.
Apparent Authority: What Is the Business of the
Partnership?-—
..........___..........—-..........—. 118
2.
Extraordinary Acts
-----........-----.........________ 121
3.
The Effect of Restrictions on Authority
.......------ 121
B. Deadlock
—-........_____..........___......___.........- 122
III. Partnership Property and Accounts
---------......._______ 125
A. Capital Contributions and Accounts
.....----.........—- 125
B. Profits and Losses
......-----........------.......------......- 126
С
Partnership Property
......-------......___........._____ 128
1.
Assignment of Partnership Interest
--------........- 128
2.
Creditor Access to Firm and Personal Assets
------ 129
3.
Is Property Personal or Partnership?
----.....------ 131
IV. Partner Liabilities-—
........_____.......____.....________ 132
A. The Limited Liability Partnership
.....------......------- 133
V. The Fiduciary Obligations of Partners
--......-----.......—- 134
A. Duty of Loyalty
_______........____.......—-.....____ 135
1.
The Classic Case: Meinhard v. Salmon
-.......____ 136
2.
Grabbing and Leaving
------------------.....________ 140
3.
Expulsion and the Requirement of Good Faith
and Fair Dealing
-----------------......_____.....—- 140
B. Duty of Care
________......_____......_____......____ 145
C. Duty of Disclosure
-........-------......—......---------- 146
D. The Role of Private Ordering, If Any
—........—-......- 147
VI. Dissolution
_____............____........-—......_____.......- 149
A. Dissolution Versus Dissociation: The
UPA
(1914)
Versus the
UPA
(1997)----------....................____ 149
B.
Dissolution Under the
UPA
(1914)____......___...... 151
1.
Grounds for Dissolution
-.......___.......___.......- 151
2.
Wrongful Dissolution-
.........----.......___.......— 152
3.
Winding Up
______.........____.....___........____ 158
4.
Liquidating the Business
—......—......------..... 159
5.
Settling Up-—
.........____......_____.....____.....- 160
6.
Continuing the Business
----------.....-----......— 164
7.
Fiduciary Duties
Pre-
and Post-Dissolution
------- 165
С
Dissociation and Dissolution Under the
UPA
(1997) 166
1.
Wrongful Dissociation
----......____________.....- 168
2.
Dissociation Without Dissolution
________.....—- 169
3.
Dissolution and Winding Up
----.....-----......------ 170
VII.
Limited Partnerships—
........--------......___......____..... 171
A. Creation
-----------.......-------......_____.....____.....- 171
B. Separation of Ownership and Control
.....-----.....— 171
C. Insulating the General Partner From Personal Lia¬
bility
..........____........___.........—-.......______ 173
xi
TABLE
OF
CONTENTS
D.
Fiduciary Duties-
........-......—.....-......-.....-.......- 175
1.
Waiver of the Duty of Loyalty
___......-.....—..... 175
2.
The Duty of Care and the Business Judgment
Rule
.....-.....-.............-......-..............-......— 176
E. Duration and Dissolution
--------.....-......-......-....... 177
F. Transferability of Membership Interest
.....-.....—..... 177
CHAPTER
4.
Limited Liability Companies-
......-......- 178
I. Origins
..........-......-.....-.....-.....-......—.....-.....____ 179
II. Formation—
............—.....-....._____.....-.....—......— 180
III. Members Interests
------.....--------.....--------.....-......— 182
IV. Governance
-----------.....-.....--------------.....-......------- 183
V. Limited Liability and Veil Piercing in the LLC Context
- 185
A. Statutes Invoking Veil Piercing
-----.....----------.....— 186
B. Silent Statutes
.....______________.....______.....— 187
С
The Leading Case
_____....._____.....—.....—......— 190
D. The Emerging Standards for Piercing The LLC Veil
191
E. Enterprise Liability Involving LLCs
----------.....----- 194
F. Summation
—.....--------..................—.....------------ 194
VI. Freedom of Contract and Fiduciary Obligation
-.....------- 195
VII.
Dissociation and Dissolution--
.....___________.....------- 198
VIII.
LLCs In Transactional Planning
___________....._____ 199
Table of Cases
-----.....--------------.....------------------------------ 201
Index-
.....-----------------------------.....______________.....-..... 209
Xli
|
| any_adam_object | 1 |
| author | Bainbridge, Stephen M. 1958- |
| author_GND | (DE-588)173626998 |
| author_facet | Bainbridge, Stephen M. 1958- |
| author_role | aut |
| author_sort | Bainbridge, Stephen M. 1958- |
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| building | Verbundindex |
| bvnumber | BV040629894 |
| classification_rvk | PU 5400 |
| ctrlnum | (OCoLC)826548449 (DE-599)BVBBV040629894 |
| discipline | Rechtswissenschaft |
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| spelling | Bainbridge, Stephen M. 1958- Verfasser (DE-588)173626998 aut Agency, partnerships & LLCs by Stephen M. Bainbridge New York, NY Foundation Press 2004 XIII, 214 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Concepts and insights series Agency (Law) / United States Partnership / United States Private companies / United States Vennootschapsrecht gtt Vertegenwoordiging (recht) gtt Personengesellschaft (DE-588)4045283-9 gnd rswk-swf Gesellschaftsrecht (DE-588)4020646-4 gnd rswk-swf Partnerschaftsgesellschaft (DE-588)4359391-4 gnd rswk-swf GmbH (DE-588)4021365-1 gnd rswk-swf Handelsvertreter (DE-588)4023260-8 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content USA (DE-588)4078704-7 g Gesellschaftsrecht (DE-588)4020646-4 s DE-604 GmbH (DE-588)4021365-1 s Handelsvertreter (DE-588)4023260-8 s Partnerschaftsgesellschaft (DE-588)4359391-4 s Personengesellschaft (DE-588)4045283-9 s Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025457200&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Bainbridge, Stephen M. 1958- Agency, partnerships & LLCs Agency (Law) / United States Partnership / United States Private companies / United States Vennootschapsrecht gtt Vertegenwoordiging (recht) gtt Personengesellschaft (DE-588)4045283-9 gnd Gesellschaftsrecht (DE-588)4020646-4 gnd Partnerschaftsgesellschaft (DE-588)4359391-4 gnd GmbH (DE-588)4021365-1 gnd Handelsvertreter (DE-588)4023260-8 gnd |
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| title | Agency, partnerships & LLCs |
| title_auth | Agency, partnerships & LLCs |
| title_exact_search | Agency, partnerships & LLCs |
| title_full | Agency, partnerships & LLCs by Stephen M. Bainbridge |
| title_fullStr | Agency, partnerships & LLCs by Stephen M. Bainbridge |
| title_full_unstemmed | Agency, partnerships & LLCs by Stephen M. Bainbridge |
| title_short | Agency, partnerships & LLCs |
| title_sort | agency partnerships llcs |
| topic | Agency (Law) / United States Partnership / United States Private companies / United States Vennootschapsrecht gtt Vertegenwoordiging (recht) gtt Personengesellschaft (DE-588)4045283-9 gnd Gesellschaftsrecht (DE-588)4020646-4 gnd Partnerschaftsgesellschaft (DE-588)4359391-4 gnd GmbH (DE-588)4021365-1 gnd Handelsvertreter (DE-588)4023260-8 gnd |
| topic_facet | Agency (Law) / United States Partnership / United States Private companies / United States Vennootschapsrecht Vertegenwoordiging (recht) Personengesellschaft Gesellschaftsrecht Partnerschaftsgesellschaft GmbH Handelsvertreter USA Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=025457200&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT bainbridgestephenm agencypartnershipsllcs |