What is corporate law?
7 important questions on What is corporate law?
What is the nexus of contracts theory?
What three features does a general partnership lack compared to a corporation?
1. Legal personality
2. Transferability of shares
3. Limited liabilty
What is the difference between "the place of incorporation rule" and "the real seat doctrine"?
The real seat doctrine: requires a firm to incorporate in the jurisdiction where it has its principal place of business
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What is a positve and a negative effect of regulatory competition?
Positive effect: best equipped state will maximize shareholder value
Negative effect: stripping the law of protections for those who not control the decision
What are two main benefits of the fact that the board of a corporation is formally distinct from the corporations shareholders?
2. Permits the board to protect the interest of minority shareholders and other stakeholders
What are default provisions?
- Don't need the consent of the other contracting party
What is investor ownership? (point 5)
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