As part of a continuing series on Fall 2017 semester courses that relate to innovation and business, this post spotlights Business Associations.
Business Associations (BA) is one of a handful of elective courses the law school offers every semester, a signal of the material’s foundational importance. Professor Joe Yockey will teach the course in Fall 2017.
Business Associations focuses on the forms of and rules surrounding some of the most common types of business organizations, information that will help students interested in business-centered legal fields as they prepare for practice. Professor Yockey noted, however, that the course is not just for students interested in practicing business or corporate law. “Regardless of what type of law you’re practicing, it’s very common for business law issues to come up.” In addition, Professor Yockey observed that business law issues permeate the law, and even society. “Private companies impact everything we do in terms of what we wear, the food we buy, etc.,” Professor Yockey explained. “And there’s been more discussion about the corporation’s role in politics, religion, and other social issues. Understanding the legal issues that govern a business entities behavior is important in today’s society.”
Cecelia MacDonald, a 2L, found the course very practical. “After each case, Professor Yockey would ask how we could have drafted the agreement better to avoid the litigated issue. We also went through the pros and cons of each type of business and what would fit a potential client the best.”
Students with limited experience in business law prior to taking the course have found BA to not only be extremely accessible, but also helpful in connecting law to the real world. Greg Hummel, a previous BA student, did not have any background in business before taking BA, and found the course helped him connect what he learned in Torts and Contracts to the business world.
BA is a prerequisite for all of the upper-level business law courses, including Mergers and Acquisitions, Corporate Finance, and Securities Regulation.
Amanda Marincic -- March 21, 2017
Studies the structure and characteristics of the modern business corporation, including both the large, publicly held corporation and the closely held corporation. Particular attention is directed to the distribution of powers among management, directors, and shareholders; the fiduciary duties which limit these powers; and the enforcement of such duties by shareholder suits. If offered, the four-credit course will cover these topics as well as a few additional general corporations topics. The course may also cover the basic principles of agency, partnership, and limited partnership law. This course may be available as a first year spring elective.
Thursday, Friday -- 9:10-10:40