introduction to law, lectue 20 - module 3

What is conditio sine qua non?

Concequence wouldn’t have happened without the first event

What is adequate causation?

Act in question is likely to produce such an effect (more normative perspective)

What is equivalence theory?

What is adequacy theory?

What is the Eggshell skull rule?

What is contributory negligence?

Explain reparation

What is commercial law?

What is company law?

What 4 things make a company?

1. Involvement of 2 or more persons

2. Investment (consideration in cash or in kind)

3. Project = “object” = activity

4. Purpose = return, distribution to shareholders

What is an association? 4

What is corporate law?

What three agency conflicts are there?

1. 1st agency conflict: directors vs shareholders holders

2. 2nd agency conflict: majority vs. Minority shareholders

3. 3rd agency conflict: shareholders vs. Creditors

What are the two ways to run a business? As a …

What is PLLC?

Private limited liability company

What do you have to do if you don’t than t your business stuff in your own patremonium?

You need to create a legal person (corporation or association) that is the owner of the assets. This is how you can asset partition.

What three subtypes are there of companies?

Explain (simple) partnership or personal company?

Explain continental general partnership (and limited partnerships)

Explain private limited or public limited