Table Of Contents:
Preface To The Third Edition v
Preface To The Second Edition vii

Table of Cases xv

Table of Authorities xvii

Chapter 1. Introduction to Law 1(21)

A. Property 1(6)

Pierson v. Post 1(4)

Notes and Questions 5(2)

B. Contracts 7(5)

Williams et al. v. Walker-Thomas Furniture Co. 7(3)

Notes and Questions 10(2)

C. Torts 12(10)

Lovelace v. Astra Trading Corp. 12(8)

Notes and Questions 20(2)

Chapter 2. Agency, Partnership, and the Limited Liability Company 22(47)

A. Agency 22(15)

Croisant v. Watrud 22(6)

Notes and Questions 28(3)

Tarnowski v. Resop 31(4)

Notes and Questions 35(2)

B. Partnership 37(20)

(1) When Is There a Partnership? 37(1)

Martin v. Peyton 37(3)

Notes and Questions 40(2)

(2) What Is The Nature of Partnership Governance? 42(1)

National Biscuit Co., Inc. v. Stroud 42(2)

Notes and Questions 44(1)

(3) The Fiduciary Duty of Partners (and "Coadventurers") 45(1)

Meinhard v. Salmon 45(9)

Notes and Questions 54(3)

C. The Limited Liability Company 57(12)

Elf Atochem North America, Inc. v. Jaffari and Malek, LLC 57(10)

Notes and Questions 67(2)

Chapter 3. Basics of the Corporation 69(62)

A. Choice of Entity 69(7)

B. A Short History of the Corporation 76(7)

C. The Purpose of the Corporation 83(24)

Dodge v. Ford Motor Co. 83(7)

Notes and Questions 90(4)

A.P. Smith Manufacturing Co. v. Barlow 94(9)

Notes and Questions 103(4)

D. A Note on Delaware Incorporation 107(4)

E. The Players in the Corporation: Shareholders, Directors, and Officers 111(20)

Campbell v. Loew's Inc. 111(14)

Notes and Questions 125(6)

Chapter 4. Piercing the Corporate Veil 131(43)

A. State Law 131(29)

Minnie B. Berkey v. Third Avenue Railway Company 131(10)

Bartle v. Home Owners Cooperative, Inc. 141(2)

Walkovszky v. Carlton 143(8)

Morris v. New York State Department of Taxation and Finance 151(5)

Notes And Questions11 156(4)

B. Federal Law 160(14)

United States v. Bestfoods et al. 160(10)

Notes and Questions 170(4)

Chapter 5. State Law on Fiduciary Duty of Directors and Officers 174(79)

A. Nonfeasance 174(13)

Francis v. United Jersey Bank 174(13)

B. The Business Judgement Rule 187(8)

Nursing Home Building Corporation v. DeHart 187(6)

Notes and Questions 193(2)

C. Nonfeasance or the Business Judgment Rule? 195(33)

Smith v. Van Gorkom 195(30)

Notes and Questions 225(3)

D. Duty of Loyalty 228(20)

Holden v. Construction Machinery Co. 228(16)

Notes and Questions 244(4)

E. A Note on "The Duty to Act in Good Faith": The Disney Case 248(5)

Chapter 6. Federal Law Regarding Duties to Shareholders 253(55)

A. Insider Trading 253(17)

United States v. O'Hagen 253(13)

Notes and Questions 266(4)

B. The Federal Proxy Rules 270(21)

Gaudiosi v. Mellon 270(4)

J.I. Case Co. et al. v. Borak 274(5)

Notes and Questions 279(12)

C. State Law Regarding Inspection of Books and Records (Delaware) 291(11)

Thomas & Betts Corp. v. Levition Mfg. Co., Inc. 291(10)

Notes and Questions 301(1)

D. Sarbanes/Oxley 302(6)

Chapter 7. The Close Corporation 308(48)

A. Fiduciary Responsibility in the Closely---Held Corporation 308(13)

Euphemia Donahue v. Rodd Electrotype Company of New England, Inc. 308(11)

Notes and Questions 319(2)

B. Shareholder Agreements in the Close Corporation 321(12)

Galler v. Galler 321(11)

Notes and Questions 332(1)

C. Oppression in the Close Corporation 333(13)

Baker v. Commercial Body Builders, Inc. 333(11)

Notes and Questions 344(2)

D. Special Statutory Treatment of the Close Corporation 346(10)

Notes and Questions 354(2)

Chapter 8. Aspects of the Endgame 356(69)

A. The Discretion of the Board in an Endgame Situation 356(41)

Paramount Communications, Inc. v. Time, Inc. 356(16)

Paramount Communications Inc. v. QVC Network, Inc. 372(18)

Notes and Questions 390(7)

B. Valuation 397(8)

Piemonte v. New Boston Garden Corporation 397(7)

Notes and Questions 404(1)

C. Freezeouts and the Entire Fairness Test 405(17)

Weinberger v. UOP 405(15)

Notes and Questions 420(2)

D. A Note on the Williams Act and State Statutes 422(3)

Chapter 9. Related Issues of Concern 425(53)

A. Employment Discrimination 425(8)

McDonell Douglas Corp. v. Green 425(7)

Notes and Questions 432(1)

B. Contracts and Intellectual Property 433(10)

ProCD, Inc. v. Zeidenberg 433(9)

Notes and Questions 442(1)

C. Antitrust 443(35)

The Standard Oil Co. of New Jersey, et al. v. The United States 443(32)

Notes and Questions 475(3)
Glossary 478(15)
Index 493