Business Associations Bar Review (Corporations): Most Tested Areas of Law on the Bar Exam [PREVIEW] скачать в хорошем качестве

Business Associations Bar Review (Corporations): Most Tested Areas of Law on the Bar Exam [PREVIEW]

Want the rest of this video? Unlock the full lesson — plus 200+ videos, outlines, study aids, and more — for just $29/month: https://www.studicata.com 00:00 Must-Know Corporation Topics for the Bar The video introduces the most frequently tested issues in corporations—shareholder liability, director and officer liability, and parent-subsidiary relationships. 00:38 How to Form a Corporation Formation of a corporation requires proper filing of Articles of Incorporation with the Secretary of State, unlike some informal partnerships. 02:05 The Three Key Players in a Corporation The roles of shareholders, directors, and officers are introduced as the primary parties involved in corporate bar exam fact patterns. 06:45 The Central Question: Who’s Liable? The lesson frames the core of corporations analysis as determining whether the shareholder, director, or officer is liable under different scenarios. 08:22 Shareholder Liability & Limited Protection Shareholders, including parent corporations, generally enjoy limited liability unless the corporate veil is pierced. 09:05 Piercing the Corporate Veil The video outlines four common grounds for veil-piercing: alter ego domination, failure to follow corporate formalities, undercapitalization, and fraud. 17:04 Applying Veil-Piercing to a Bar Exam Fact Pattern A detailed example shows how a plaintiff might pierce a subsidiary's veil to reach a parent corporation, and why further piercing to reach individual shareholders might fail. 24:43 Summary of Shareholder Liability The section wraps up veil-piercing as the key exception to shareholder limited liability, emphasizing fact-based analysis. 25:15 Director and Officer Liability Overview The focus shifts to fiduciary duties—particularly the duty of care and duty of loyalty—which are often tested for directors and officers. 26:17 Duty of Loyalty vs. Duty of Care While duty of care addresses negligent decisions, the duty of loyalty targets self-dealing and conflicts of interest that harm the corporation. Thinking about using Studicata? You’re in good company. ✅ Trusted by 100,000+ law students and bar takers ✅ Featured and recommended by top law schools ✅ Named the 81st fastest-growing education company in the U.S. by Inc. See why so many future lawyers choose us to study smarter—not harder: 👉 https://www.studicata.com