This is the first of a series of lessons dealing with issues concerning how a corporation raises the money it needs to operate its business. This lesson focuses on the types of securities a corporation may issue (debt and equity) and the reasons it may choose one or the other. The lesson also introduces students to the difference between common and preferred shares and identifies differences in the approaches of Delaware and of the Model Business Corporation Act. After completing the lesson, the student should know: 1. What a corporate security is; 2.
2L-3L Upper Level Lesson Topics
The first lesson on UCC Article 2A provides an overview of the article. Because Article 2A applies only to a "true lease,' the lesson assists the user in determining whether a transaction is in fact a lease.
The second lesson on UCC Article 2A covers the special rules for finance leases and consumer leases.
The third lesson on UCC Article 2A covers the formation of an Article 2A lease and some important provisions of the article, comparing and contrasting the provisions with analogous provisions from Article 2.
This fourth lesson on UCC Article 2A covers the default warranties given by a lessor under the article, and also explains how the lessor may disclaim the warranties or limit the available remedies.
The fifth lesson on UCC Article 2A covers claims made by other creditors against the lessor and lessee of an Article 2A lease of goods.
The sixth lesson on UCC Article 2A covers remedies on default for both the lessor and the lessee.
This lesson demonstrates how the principles of remedies are found in the UCC and provides some guidance for working with the UCC. This lesson may be run either as an introduction before the material is studied or as a review after it is studied.
This lesson explores the remedies that are available in UCC Article 2 for the Buyer when the Seller is in breach. We first examine the remedies when the Seller has the goods, and then when the Buyer has the goods. This lesson may be run either as an introduction before the material is studied or as a review after it is studied.
This lesson explores the remedies that are available in UCC Article 2 for the Seller when the Buyer is in breach. We first examine the remedies when the Buyer has the goods, and then when the Seller has the goods. This lesson may be run either as an introduction before the material is studied or as a review after it is studied.
This lesson addresses the enforcement provisions of the child custody jurisdiction statutes. It also addresses the international aspects of child custody enforcement. The lesson should be worked after completing the lesson on Child Custody Jurisdiction.
This is a lesson on the equitable defense of unclean hands. The first part of the lesson is designed to introduce the basics of the concept for students before and during its study in class. The "Review" questions at the end are an aide for students who have completed their study, either through class work or this lesson. Students who want simply to review in anticipation of a final exam can go straight to the Review materials and backtrack only as necessary for understanding questions missed.
This exercise is designed to give you a good working familiarity with the fixtures provisions of Revised Article 9.
This lesson will show you the basic tools for finding United Nations materials. It first gives an overview of how the United Nations is organized. It includes descriptions of each of the principal organs of the U.N. and an overview of the United Nations document numbering system. It then shows online tools for United Nations research: the U.N.'s website; the Official Document System; and the U.N. Digital Library.
The subject of "unlawful delegation" of powers is an important issue in both constitutional and administrative law. Not infrequently, Congress attempts to delegate its legislative authority to an administrative agency or to the courts. Sometimes, Congress attempts to delegate judicial power to administrative agencies. In this lesson, we explore the legality of such delegations. This lesson is intended for students who have studied these issues in class, and wish to refine their knowledge.
This lesson deals with the "useful article" limitation on protection of pictorial, graphic and sculptural works under copyright law.
This lesson explores the concept of utility as a condition for patentability under 35 U.S.C. § 101. The lesson can serve either as an introduction to the topic or as a review after covering the material in class. Although the fundamental concepts in this lesson are not difficult, the optional essay explores a particularly challenging topic.
This is a lesson that introduces the basics of valuation. The lesson teaches about moving money through time using rates of interest or discount, and the use of rates and of price/earnings ratios to value businesses.
The lesson does not assume any economic knowledge. If you already know the basics of valuation, then you should switch to the lesson on the Capital Asset Pricing Model.
This lesson is a review of visitation and relocation issues. The lesson can be used to introduce or review these topics. Students should be familiar with basic principles of custody determinations.
This lesson provides an introduction to voting trusts and voting agreements -- what they are, how they work, and why you might choose one over the other.
A contract can contain many different types of promises, made up of both express and implied terms. Express and implied warranty terms are the subject of this lesson. For instance, when parties contract for the sale of goods, they have certain expectations about the goods to be sold. These expectations form the basis of warranties that arise under U.C.C. Article 2. That is, what has the seller agreed to sell?
This lesson provides students in a Water Law, Natural Resources, or Advanced Property with a basic review of the subject of water law and the two main water law systems in the United States.
This lesson provides a review of the doctrine of prior appropriation, the water law system that dominates in the western part of the United States.
This lesson provides a review of the five major doctrines that states have employed to decide who has what rights in ground water.