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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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- Fall '11
- Bankruptcy, Debtor, American Bankruptcy Institute