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Biz Orgs

This class was created by Brainscape user Katelynn Gilbert. Visit their profile to learn more about the creator.

By: Katelynn Gilbert
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Decks in this class (17)

Agency - general creation
An agency relationship is created...,
3 requirements of an agency relat...,
Creaion of the agency relationship 3
43  cards
Biz Orgs General
Business orgs v corporations 1,
Types of general partnerships 1,
Business funnel top to bottom 2
5  cards
Word of the day
Fiduciary 1,
Ratification 2,
Vicarious liability 3
14  cards
Liability/ types of agencys
A principal will be liable to the...,
Authority may come in 4 forms 2,
Express actual authority 3
37  cards
Ratification
The recipt and instillation of of...,
A principal may ratify the conduc...,
A principal may ratify unless doi...
16  cards
Estoppel
Under the doctrine of estoppel 1,
With the doctrine of estoppel the...,
A person who is not otherwise lia...
13  cards
Agency types pt 2
Apparent authority is the power h...,
The person with authority does no...,
It can be an agent or someone who...
8  cards
Agency general pt 2
If an agent contracts with a 3rd ...,
The court normally require clear ...,
Teh agent if not liable unless th...
41  cards
Agency general pt 3
Conduct fo a servent is within th...,
Conduct of a servent is not withi...,
A person is subject to liability ...
48  cards
Agency part 4
General liability of a principal ...,
Exception to general principal li...,
The agent is a fiduciary to of th...
48  cards
Agency Part 5
Conduct of a servant is within th...,
An act of a servant is not within...,
Dual purpose 3
44  cards
Partnership Formation/ money stuff
State statutes role with partners...,
Defintion of partnership 2,
Association 3
45  cards
Partnership pt 2
Most important indicator of a par...,
Capital accounts keep track of 2,
When the business is sold or diss...
42  cards
partnership part 3
Partnership can t sue or be sued ...,
Suits under rupa 1997 2,
Blank 3
45  cards
Limited Partnerships
Dependent on state law for its ex...,
Partners needed 2,
General partners v limited partne...
46  cards
Differences between partnerships
Formed by 1,
Management rights 2,
Who are personally liable for obl...
26  cards
Corporations
Comparing the partnership and the 1,
Why a company would be formed in ...,
Why it matters where a company is...
61  cards

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Biz Orgs

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