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- https://biz.libretexts.org/Bookshelves/Civil_Law/Legal_Aspects_of_Commercial_Transactions/00%3A_Front_Matter/01%3A_TitlePageBook: Legal Aspects of Marketing and Sales
- https://biz.libretexts.org/Bookshelves/Civil_Law/Book3A_Law_for_Entrepreneurs/34%3A_Mortgages_and_Nonconsensual_LiensThumbnail: https://pixabay.com/photos/money-home-coin-investment-2724245/
- https://biz.libretexts.org/Bookshelves/Civil_Law/Legal_Aspects_of_Commercial_Transactions/23%3A_Legal_Aspects_of_Banking/23.4%3A_Cases[UCC 4-403(A)] provides that a customer may stop payment on any item drawn on the customer’s account by issuing an order to the bank that describes the item with reasonable certainty and is received b...[UCC 4-403(A)] provides that a customer may stop payment on any item drawn on the customer’s account by issuing an order to the bank that describes the item with reasonable certainty and is received by the bank “at a time and in a manner that affords the bank a reasonable opportunity to act on it before any action by the bank with respect to the item.” What constitutes a reasonable time depends upon the facts of the case.
- https://biz.libretexts.org/Bookshelves/Civil_Law/Book3A_Law_for_Entrepreneurs/26%3A_Legal_Aspects_of_Corporate_Finance/26.05%3A_Initial_Public_Offerings_and_Consideration_for_StockAs noted near the end of the United Steel Industries case, in the absence of fraud, “the judgment of the board of directors ‘as to the value of consideration received for shares’ is conclusive.” In ot...As noted near the end of the United Steel Industries case, in the absence of fraud, “the judgment of the board of directors ‘as to the value of consideration received for shares’ is conclusive.” In other words, if the directors or shareholders conclude in good faith that the consideration does fairly reflect par value, then the stock is not watered and the stock buyer cannot be assessed for the difference.
- https://biz.libretexts.org/Bookshelves/Civil_Law/Book3A_Law_for_Entrepreneurs/25%3A_Corporation_-_General_Characteristics_and_Formation/25.05%3A_Classifications_of_CorporationsIt is defined in the American Bar Association’s Model Non-Profit Corporation Act as “a corporation no part of the income of which is distributable to its members, directors or officers.” Nonprofit cor...It is defined in the American Bar Association’s Model Non-Profit Corporation Act as “a corporation no part of the income of which is distributable to its members, directors or officers.” Nonprofit corporations may be formed under this law for charitable, educational, civil, religious, social, and cultural purposes, among others.
- https://biz.libretexts.org/Bookshelves/Civil_Law/Book3A_Law_for_Entrepreneurs/24%3A_Hybrid_Business_Forms/24.04%3A_Other_FormsNow, in the section quoted in the previous paragraph, the general partner’s liability for partnership obligations is vaporized too. (Of course, the general partner is liable for its, his, or her own t...Now, in the section quoted in the previous paragraph, the general partner’s liability for partnership obligations is vaporized too. (Of course, the general partner is liable for its, his, or her own torts.) The preface to ULPA-2001 explains, “In a limited liability limited partnership (‘LLLP’), no partner—whether general or limited—is liable on account of partner status for the limited partnership’s obligations.
- https://biz.libretexts.org/Bookshelves/Civil_Law/Legal_Aspects_of_Commercial_Transactions/03%3A_Courts_and_the_Legal_Process/3.8%3A_Alternative_Means_of_Resolving_DisputesIt says, “The parties agree to arbitrate any dispute arising under this agreement in accordance with the laws of the Netherlands and under the auspices of the International Chamber of Commerce’s arbit...It says, “The parties agree to arbitrate any dispute arising under this agreement in accordance with the laws of the Netherlands and under the auspices of the International Chamber of Commerce’s arbitration facility.” The International Chamber of Commerce has arbitration rules and will appoint an arbitrator or arbitral panel in the event the parties cannot agree on an arbitrator.
- https://biz.libretexts.org/Bookshelves/Civil_Law/Book3A_Law_for_Entrepreneurs/28%3A_Securities_RegulationThumbnail: https://commons.wikimedia.org/wiki/File:United_States_Securities_and_Exchange_Commission.svg
- https://biz.libretexts.org/Bookshelves/Civil_Law/Book3A_Law_for_Entrepreneurs/23%3A_Partnership_Operation_and_Termination/23.02%3A_Operation_-_Relationship_among_PartnersPartners have important duties in a partnership, including (1) the duty to serve—that is, to devote herself to the work of the partnership; (2) the duty of loyalty, which is informed by the fiduciary ...Partners have important duties in a partnership, including (1) the duty to serve—that is, to devote herself to the work of the partnership; (2) the duty of loyalty, which is informed by the fiduciary standard: the obligation to act always in the best interest of the partnership and not in one’s own best interest; (3) the duty of care—that is, to act as a reasonably prudent partner would; (4) the duty of obedience not to breach any aspect of the agreement or act without authority; (5) the duty t…
- https://biz.libretexts.org/Bookshelves/Civil_Law/Book3A_Law_for_Entrepreneurs/zz%3A_Back_Matter
- https://biz.libretexts.org/Bookshelves/Civil_Law/Legal_Aspects_of_Commercial_Transactions/25%3A_Secured_Transactions_and_Suretyship/25.4%3A_SuretyshipBut here’s the technical difference: a surety is usually a party to the original contract and signs her (or his, or its) name to the original agreement along with the surety; the consideration for the...But here’s the technical difference: a surety is usually a party to the original contract and signs her (or his, or its) name to the original agreement along with the surety; the consideration for the principal’s contract is the same as the surety’s consideration—she is bound on the contract from the very start, and she is also expected to know of the principal debtor’s default so that the creditor’s failure to inform her of it does not discharge her of any liability.
