Potpourri
Potent Potables
Catch these men
100
This is an agent whose agency is limited to a single act.
What is a special agent.
100
True or False. The problem with income statements is that they tend to be too liberal in evaluating a company's assets.
False--tend to prevent dividends that reflect actual, higher value.
100
Why might a company want a staggered board?
To make takeovers more difficult.
200
This is property held in a partnership.
What is "tenancy in partnership."
200
Nils is going bankrupt very soon. Rav really likes Nils's work desk, which he bought for the fair market value of $1,000. Nils, realizing that he will lose the desk in bankruptcy, sells the chair to Rav for $20. The creditor who financed the purchase of the chair might point to this.
UFTA §4 -- Fraudulent conveyance law.
200
If you see this paragraph, a fiduciary duty has surely been violated.
What is the Punctilio paragraph?
300
If you were a creditor to a partnership, would you prefer the jingle rule or RUPA §807(a)?
You prefer RUPA because you will have an equal claim against individual assets, whereas under the jingle rule you will be behind individual creditors in the queue.
300
A company you own stock in was bought by looters. What do you need to ask about the seller?
Did the seller have reason to be suspicious ("red flag doctrine").
300
What ends everything always?
The letter g.
400
How have courts overcome the collective action problem in shareholder suits?
Plaintiffs' attorneys can earn fees, so long as their suit created a substantial benefit.
400
True or False. A sale of office is never allowed.
True.
400
This is when the stockholders of a parent corporation seek recovery for a cause of action belonging to the subsidy corporation.
What is a double derivative suit.
500
You are a lawyer in DE, and your client asks you if he should make demand in a derivative suit he wants to bring. What should you tell him.
Never!
500
This Act regulates tender offers.
What is the Williams Act.
500
IT'S THE DAILY DOUBLE! What is the longest word in the english language?
What is Pneumonoultramicroscopicsilicovolcanoconiosis?
M
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