Agency, partnerships & LLCs:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
St. Paul, MN
Foundation Press [West Academic]
2019
|
| Ausgabe: | Third edition |
| Schriftenreihe: | Concepts and insights series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xiii, 264 Seiten 24 cm |
| ISBN: | 9781640203891 |
Internformat
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| 653 | 0 | |a Private companies / United States | |
| 653 | 0 | |a Agency (Law) | |
| 653 | 0 | |a Partnership | |
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Datensatz im Suchindex
| _version_ | 1804179216108879872 |
|---|---|
| adam_text | TABLE OF CONTENTS
PREFACE M
CITATION FORMS V
CHAPTER 1. INTRODUCTION: A TYPOLOGY OF BUSINESS
ASSOCIATIONS 1
I. THE AGENCY RELATIONSHIP 2
II. THE GENERAL PARTNERSHIP 5
III. THE LIMITED LIABILITY COMPANY 8
IV. THE CORPORATION 10
V. CHOICE OF FORM 13
A. TAX CONSIDERATIONS 14
B. THE IMPORT OF LIMITED LIABILITY 16
C. SUMMARY 17
CHAPTER 2. AGENCY 19
I. WHO IS AN AGENT? 21
A. BREAKING DOWN THE RESTATEMENT (THIRD)
DEFINITION 21
1. A PERSON 21
2. THE REQUISITE MANIFESTATION AND PROOF OF
AGENCY 21
3. THE NECESSITY OF ASSENT 23
4. ON BEHALF OF THE PRINCIPAL 25
5. CONTROL BY THE PRINCIPAL 26
6. ALTERNATIVE FORMULATIONS 27
7. UNDISCLOSED OR PARTIALLY DISCLOSED PRINCIPALS 27
B. ILLUSTRATIONS AND APPLICATIONS 28
1. THE GRATUITOUS ACT OF KINDNESS 28
2. THE CREDITOR AND ITS DEBTOR 31
3. THE MANUFACTURER AND ITS DEALERS 35
4. BASEBALL AND ITS COMMISSIONER 36
5. CORPORATE OFFICERS AND DIRECTORS 37
C. GENERAL V. SPECIAL AGENTS 37
II. LIABILITY OF PRINCIPAL TO THIRD PARTIES IN CONTRACT 38
A. ACTUAL AUTHORITY 40
1. EXPRESS ACTUAL AUTHORITY 40
2. IMPLIED ACTUAL AUTHORITY 43
3. A NOTE ON CO-AGENTS VERSUS SUB-AGENTS 47
B. APPARENT AUTHORITY 48
C. INHERENT AUTHORITY 54
1. UNAUTHORIZED ACTS OF A GENERAL AGENT OF AN
UNDISCLOSED PRINCIPAL 55
2. UNAUTHORIZED ACTS OF A GENERAL AGENT OF A
DISCLOSED PRINCIPAL 58
IX
TABLE OF CONTENTS
3. RESTATEMENT (THIRD) ABANDONS INHERENT ^
AUTHORITY
4. A FINAL THOUGHT ^
D. ESTOPPEL
E. RATIFICATION
1. RATIFICATION BY ACCEPTING BENEFITS OF
TRANSACTION
2. RATIFICATION BY LITIGATION
66
3 WHEN ATTEMPTED RATIFICATION WILL BE
UNAVAILING
4. DISTINGUISHING RATIFICATION FROM AUTHORITY BY
ACQUIESCENCE
F. AGENT S LIABILITY ON THE CONTRACT
68
G. AUTHORITY OF CORPORATE OFFICERS 71
III. LIABILITY OF PRINCIPAL TO THIRD PARTIES IN TORT 75
A. SERVANT VERSUS INDEPENDENT CONTRACTOR 75
1. GENERAL PRINCIPLES 76
2. ILLUSTRATIONS AND APPLICATIONS 77
3. SOME CONCLUDING THOUGHTS ON TERMINOLOGY 83
B. TORT LIABILITY AND APPARENT AGENCY 84
C. SCOPE OF EMPLOYMENT 86
1. SCOPE OF THE EMPLOYMENT IN THE RESTATEMENTS 86
2. CASE LAW 87
D. LIABILITY FOR AGENT S FRAUD 94
E. STATUTORY CLAIMS 95
F. LIABILITY FOR TORTS OF INDEPENDENT CONTRACTORS 96
1. THE PRINCIPAL RETAINS CONTROL 96
2. THE PRINCIPAL HIRES AN INCOMPETENT
INDEPENDENT CONTRACTOR 97
3. INHERENTLY DANGEROUS ACTIVITIES 98
4. ULTRA-HAZARDOUS ACTIVITIES 99
5. NONDELEGABLE DUTIES 101
IV. ATTRIBUTION OF AGENT S KNOWLEDGE AND NOTICE TO
PRINCIPAL 104
V. DUTIES OF AGENTS TO PRINCIPALS AND VICE-VERSA 106
A. DUTIES DURING AGENCY 107
1. SECRET PROFITS 108
2. ACTING FOR OR AS AN ADVERSE PARTY;
COMPETITION 108
3. ABUSE OF POSITION HO
4. USURPATION OF OPPORTUNITIES HI
5. PRINCIPAL S REMEDIES H2
6. CONSENT BY THE PRINCIPAL 113
7. SUMMATION H4
B. DUTIES AFTER TERMINATION OF AGENCY 114
C. OTHER DUTIES
LI7
X
TABLE OF CONTENTS
D. DUTIES OF PRINCIPAL TO AGENT 118
1. COMPENSATION 119
2. INDEMNIFICATION 119
3. FAIR DEALING AND GOOD FAITH 119
CHAPTER 3. PARTNERSHIPS 121
I. PARTNERSHIP DEFINED 122
A. GENERAL PRINCIPLES 122
B. PROVING PARTNERSHIP 124
C. SOME EXAMPLES 125
1. PARTNER OR EMPLOYEE? 126
2. PARTNER OR LENDER? 131
3. PARTNER OR FAMILY MEMBER? 135
D. PARTNERSHIP BY ESTOPPEL 136
E. THE JOINT VENTURE 138
F. AN AGGREGATE OR ENTITY? 140
II. MANAGEMENT RIGHTS OF PARTNERS 140
A. EVERY PARTNER IS AN AGENT: MANAGEMENT RIGHTS AND
LIABILITIES 142
1. APPARENT AUTHORITY: WHAT IS THE BUSINESS OF THE
PARTNERSHIP? 143
2. EXTRAORDINARY ACTS 146
3. THE EFFECT OF RESTRICTIONS ON AUTHORITY 146
B. DEADLOCK 147
III. PARTNERSHIP PROPERTY AND ACCOUNTS 150
A. CAPITAL CONTRIBUTIONS AND ACCOUNTS 150
B. PROFITS AND LOSSES 151
C. PARTNERSHIP PROPERTY 154
1. ASSIGNMENT OF PARTNERSHIP INTEREST 154
2. CREDITOR ACCESS TO FIRM AND PERSONAL ASSETS 155
3. IS PROPERTY PERSONAL OR PARTNERSHIP? 158
IV. PARTNER LIABILITIES 158
V. THE LIMITED LIABILITY PARTNERSHIP 159
VI. THE FIDUCIARY OBLIGATIONS OF PARTNERS 161
A. DUTY OF LOYALTY 162
1. THE CLASSIC CASE: MEINHARD V. SALMON 163
2. GRABBING AND LEAVING 167
3. EXPULSION AND THE REQUIREMENT OF GOOD FAITH
AND FAIR DEALING 167
B. DUTY OF CARE 172
C. DUTY OF DISCLOSURE 174
D. ROLE OF PRIVATE ORDERING, IF ANY 174
VII. DISSOLUTION 177
A. DISSOLUTION VERSUS DISSOCIATION: THE UPA (1914)
VERSUS THE UPA (1997) 177
TABLE OF CONTENTS
B. DISSOLUTION UNDER THE UPA (1914)
1. GROUNDS FOR DISSOLUTION
2. WRONGFUL DISSOLUTION
3. WINDING UP
4. LIQUIDATING THE BUSINESS
5. SETTLING UP J87
6. CONTINUING THE BUSINESS
191
7. FIDUCIARY DUTIES PRE- AND POST-DISSOLUTION 192
C. DISSOCIATION AND DISSOLUTION UNDER THE UPA
(1997)
193
1. WRONGFUL DISSOCIATION 195
2. DISSOCIATION WITHOUT DISSOLUTION 196
3. DISSOLUTION AND WINDING UP 198
VIII. LIMITED PARTNERSHIPS 200
A. CREATION 202
B. LIMITED PARTNER LIABILITY AND THE SEPARATION OF
OWNERSHIP AND CONTROL 202
C. INSULATING THE GENERAL PARTNER FROM PERSONAL
LIABILITY 206
D. FIDUCIARY DUTIES 207
1. WAIVER OF THE DUTY OF LOYALTY 207
2. THE DUTY OF CARE AND THE BUSINESS JUDGMENT
RULE 210
E. DURATION AND DISSOLUTION 210
F. TRANSFERABILITY OF MEMBERSHIP INTEREST 210
G. PROFITS AND LOSSES 211
CHAPTER 4. LIMITED LIABILITY COMPANIES 213
I. ORIGINS 214
II. FORMATION 215
A. CHOOSING THE STATE OF FORMATION 216
B. CONTENT OF THE ARTICLES OF ORGANIZATION 218
C. THE OPERATING AGREEMENT 219
D. NON-PROFIT AND LOW PROFIT LLCS 220
E. SINGLE MEMBER LLCS 221
F. SHELF AND SERIES LLCS 221
G. LIABILITY FOR PRE-FORMATION TRANSACTIONS 223
H. FIDUCIARY DUTIES OF ORGANIZERS 227
III. MEMBERS INTERESTS 227
IV. GOVERNANCE 228
A. POLICY CONSIDERATIONS 228
B. LLCS OFFER TWO OPTIONS .......229
C. AUTHORITY OF MEMBERS AND MANAGERS 231
V. LIMITED LIABILITY AND VEIL PIERCING IN THE LLC
CONTEXT 233
A. STATUTES INVOKING VEIL PIERCING 235
XII
TABLE OF CONTENTS
B. SILENT STATUTES 235
C. THE LEADING CASE 238
D. THE EMERGING STANDARDS FOR PIERCING THE LLC
VEIL 240
E. ENTERPRISE LIABILITY INVOLVING LLCS 242
F. SUMMATION 243
VI. FREEDOM OF CONTRACT AND FIDUCIARY OBLIGATION 244
A. THE POLICY OF FREEDOM OF CONTRACT IN LLC LAW 244
B. FIDUCIARY DUTIES IN THE LLC 245
C. PRIVATE ORDERING OF FIDUCIARY OBLIGATIONS 247
D. WHAT IF BOTH THE STATUTE AND THE OPERATING
AGREEMENT ARE SILENT? 249
VII. DISSOCIATION AND DISSOLUTION 251
VIII. LLCS IN TRANSACTIONAL PLANNING 251
TABLE OF CASES 253
INDEX 259
|
| any_adam_object | 1 |
| author | Bainbridge, Stephen M. 1958- |
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| author_facet | Bainbridge, Stephen M. 1958- |
| author_role | aut |
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| ctrlnum | (OCoLC)1129395827 (DE-599)BSZ515020540 |
| discipline | Rechtswissenschaft |
| edition | Third edition |
| format | Book |
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| id | DE-604.BV045372050 |
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| spelling | Bainbridge, Stephen M. 1958- Verfasser (DE-588)173626998 aut Agency, partnerships & LLCs Stephen M. Bainbridge Agency, partnerships, and Limited Liability Companies Third edition St. Paul, MN Foundation Press [West Academic] 2019 2019 xiii, 264 Seiten 24 cm txt rdacontent n rdamedia nc rdacarrier Concepts and insights series Handelsvertreter (DE-588)4023260-8 gnd rswk-swf Gesellschaftsrecht (DE-588)4020646-4 gnd rswk-swf Partnerschaftsgesellschaft (DE-588)4359391-4 gnd rswk-swf Personengesellschaft (DE-588)4045283-9 gnd rswk-swf GmbH (DE-588)4021365-1 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Agency (Law) / United States Partnership / United States Private companies / United States Agency (Law) Partnership 1\p (DE-588)4123623-3 Lehrbuch gnd-content USA (DE-588)4078704-7 g GmbH (DE-588)4021365-1 s Handelsvertreter (DE-588)4023260-8 s Partnerschaftsgesellschaft (DE-588)4359391-4 s Personengesellschaft (DE-588)4045283-9 s 2\p DE-604 Gesellschaftsrecht (DE-588)4020646-4 s 3\p DE-604 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030758530&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Bainbridge, Stephen M. 1958- Agency, partnerships & LLCs Handelsvertreter (DE-588)4023260-8 gnd Gesellschaftsrecht (DE-588)4020646-4 gnd Partnerschaftsgesellschaft (DE-588)4359391-4 gnd Personengesellschaft (DE-588)4045283-9 gnd GmbH (DE-588)4021365-1 gnd |
| subject_GND | (DE-588)4023260-8 (DE-588)4020646-4 (DE-588)4359391-4 (DE-588)4045283-9 (DE-588)4021365-1 (DE-588)4078704-7 (DE-588)4123623-3 |
| title | Agency, partnerships & LLCs |
| title_alt | Agency, partnerships, and Limited Liability Companies |
| title_auth | Agency, partnerships & LLCs |
| title_exact_search | Agency, partnerships & LLCs |
| title_full | Agency, partnerships & LLCs Stephen M. Bainbridge |
| title_fullStr | Agency, partnerships & LLCs Stephen M. Bainbridge |
| title_full_unstemmed | Agency, partnerships & LLCs Stephen M. Bainbridge |
| title_short | Agency, partnerships & LLCs |
| title_sort | agency partnerships llcs |
| topic | Handelsvertreter (DE-588)4023260-8 gnd Gesellschaftsrecht (DE-588)4020646-4 gnd Partnerschaftsgesellschaft (DE-588)4359391-4 gnd Personengesellschaft (DE-588)4045283-9 gnd GmbH (DE-588)4021365-1 gnd |
| topic_facet | Handelsvertreter Gesellschaftsrecht Partnerschaftsgesellschaft Personengesellschaft GmbH USA Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030758530&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT bainbridgestephenm agencypartnershipsllcs AT bainbridgestephenm agencypartnershipsandlimitedliabilitycompanies |