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Unformatted text preview: Week 4: Week 4 - Lecture #1 Lecture The Core Learning Outcomes addressed this week are: Demonstrate the ability to brief a case. Describe the relationship between an agent and a principal. Describe the legal construction of sole proprietorships, corporations, and partnerships. Describe the rights and liabilities of shareholders. Discuss the most common forms of bankruptcy. Explain how legal principles affect management decisions. Other Key Concepts: Chapter 28: judgement-proof debtor, garnish, surety, guarantor , right of subrogation, right of reimbursement, lien, foreclosure, security interests in real property: mortgage (right to redeem, subject to v. assume), deed of trust, land contract, mechanic's lien, What is the difference between unsecured and secured if you're a creditor? Chapter 29: security interest , collateral, consumer goods, attachment, after-acquired property, purchase money security interest in consumer goods, financing statement, automatic perfection Chapter 30: Types of bankruptcy: Ch 7, 11, and 13 (see lecture below), involuntary...
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This note was uploaded on 10/11/2011 for the course MG 261 taught by Professor Lynch during the Fall '11 term at Park.
- Fall '11