AGENCY, PARTNERSHIP, AND LIMITED LIABILITY ENTITIES (2) (BUS 200)

Professor Peter Kostant

Nature of the principal and agent relationship: rights and liabilities; ratification and estoppel; undisclosed principals; nature and formation of relations among general partnerships, limited partnerships, and limited liability partnerships; dealings between partners and third parties; authority, powers, and liabilities of partners; accounting and dissolution; nature and organization of limited liability companies; rights and obligations of members; liability scheme; pass-through tax treatment.