BUSL251 Final: Corporate Law Exam Notes

• School: Macquarie University
• Department: Business/Business Law
• Course: BUSL251
• Professor: All

Document Summary

Corporate law: features of corporations 2, limited liability 5, divisions of power within company & corporate governance 6, corporate contractual liability 9, equity finance 12. Rights & restrictions attached to shares 13. Variation of class rights 15: share capital transactions 17. S 1324 injunction 23: debt finance 24. E(cid:374)fo(cid:396)(cid:272)e(cid:373)e(cid:374)t of le(cid:374)de(cid:396)(cid:859)s (cid:272)ha(cid:396)ges 27: di(cid:396)e(cid:272)to(cid:396)s(cid:859) duties 28. Duty to avoid conflicts of interest 29. Duty to act in good faith & in best interests of company & for proper purpose 33. Enforcement of director duties 36: me(cid:373)(cid:271)e(cid:396)s(cid:859) (cid:396)e(cid:373)edies 38. Ge(cid:374)e(cid:396)al la(cid:449) (cid:373)e(cid:373)(cid:271)e(cid:396)s(cid:859) (cid:396)e(cid:373)edies 41: external administration 43. Business owned and operated by an individual with no legal structure: unlimited liability as no separate legal identity; Low cost and regulatory burden (note, must register business name); Relation which subsists between persons carrying on a business in common with a view to profit (pa s 1). Sharing of profits and losses: whethe(cid:396) (cid:858)pa(cid:396)t(cid:374)e(cid:396)s(cid:859) a(cid:396)e p(cid:396)i(cid:374)(cid:272)iples esp in liability;