LAW 122 Lecture Notes - Lecture 15: Sole Proprietorship, Reasonable Person
Document Summary
6 negligence 2 elements to be meet for negligence 2 1)duty of care 3 the legal test for the duty of care for a statement that was made 4 2)breach of. Standard of care legal test 5 standard of care for professionals 6. 3)causation 7 factual causation: the but-for test 7 proving factual. Causation 9 legal causation: remoteness (this and factual causation must both occur) 9 defenses to negligence 10. 21: business organization 12 1)sole proprietorship 12 2)partnerships: Lps(type 2c) vs. llps (type 2b) 15 3)corporations: 15 corporations: Incorporation process 16 liability of shareholders 18 separation of. Ownership and management 19 corporate finance 19 shares 19. Contracts: 7 and 8 22 essential elements of a contract 22 1) intention to create legal relations 23 2) meeting of the minds 23 2a) offer 24 2b) Managing risk: invitation to treat (invitation for offers) 24 2c) the life of an offer 25 killing the offer 25 2d) acceptance 27 3) consideration 28.
