Law 230 - Business Associations

Andrew Verstein

Andrew Verstein

Professor of Law
Course Description:

This course explores the legal and contractual arrangements through which individuals and groups do business.  They include agency, employment, sole proprietorship and four types of artificial entities: corporations, partnerships, limited partnerships and limited liability companies. Using information supplied in the text, students before class tentatively solve problems of the types they will encounter in practice.  We discuss and seek to improve on the solutions in class.  Class is a mix of lecture and discussion.  The exam is open book.

Course Learning Outcomes:

Students will be able to:

  • read and apply five entity law statutes.
  • identify which individuals can create tort and contractual liabilities for an organization and give useful advice for avoiding such liability.
  • understand a balance sheet sufficiently well to ask useful questions and form hypotheses about a business enterprise. 
  • guide an organization’s owners or managers to avoid personal liability, and evaluate the substantive and procedural merits of lawsuits attempting to establish personal liability.
  • detect and discuss the conflicting goals of the various patrons of an organization (shareholders, executives, bondholders, etc.) and complex role of the attorney.
  • form and explain a sophisticated and reasonable opinion about topics of public importance, including: corporate personhood, corporate social responsibility, corporate politicking, limited liability.
  • work with a group on legal analysis and presentation.
  • engage in forward-looking planning to find amicable and efficient legal solutions for client goals, including non-litigation goals.
  • formulate and communicate a legal strategy

Course Information:
​Faculty Term Course Section ​Schedule ​Units Requisite Satisfies SAW
Andrew Verstein 20F 230 LEC 1 MTWR 3:30 PM - 4:25 PM 4.0 No No
Textbook Information:
Textbook for Fall 2020 LEC 1
LoPucki & Verstein. Business Associations: A Systems Approach  2020 ed.  
CreateSpace (Amazon). REQUIRED
Notes: This book will be available on Amazon in early August 2020.