[LGLS 1901] - Final Exam Guide - Everything you need to know! (28 pages long)

• School: Temple University
• Department: Legal Studies
• Course: LGLS 1901
• Professor: Jeffery Boles

Document Summary

Xiii: rights of directors, participation in corporate decisions and inspect corporate books and records, compensation (usually a nominal sum, indemnification. Duty of loyalty: subordination of personal interests to the welfare of the corporation, no competition with corporation, no conflict of interests, no insider trading, no transaction that is detrimental to minority shareholders. Viii: personally liable for crimes and torts committed and for those committed by employees under their supervision, shareholder derivative suits where shareholder(s) sue directors on behalf of corporation. Ic lawyer hires a roofer: opposite for employee and independent contracter, criteria used by the irs, employee status and works for hire : any copyrighted work created during scope of employment is owned by employer; ex. Agent"s duties to the principal: performance: implied condition to use reasonable diligence and skill; ex. Ii: compensation (express or implied, reimbursement and indemnification, cooperation, safe working conditions.