I.

Agents and Employee

A. Gay Jenson Farms v Cargill (Minn. 1981, p. 7)

B. 370 Leasing v Ampex (5th Cir. 1976, p. 23)

C. Watteau v Fenwick (1892, p. 26)

D. Rest. (2nd) of Agency §8A, p. 29

E. Rest. (3rd) §2.06, p. 29

F. Liability of Principal to 3rd Parties: Servant vs Independent Contractor

1. Humble Oil v Martin (Tex. 1949, p. 43)

2. Hoover v Sun Oil (Del. 1965, p. 45)

3. Murphy v Holiday Inns (Va. 1975, p. 48)

4. Rest. (2nd) § 219

G. Tort Liability and Apparent Agency

1. Miller v McDonald’s (Ore. 1997, p. 54)

H. Fiduciary Obligation – Duties During Agency

1. General Automotive v Singer (Wis. 1963, p. 79)

I. Duties During and After Termination of Agency

1. Town & Country v Newbery (NY 1958, p. 83)

II. Partnerships

A. Partners v Employees

1. Fenwick v Unemployment Compensation Comm. (NJ 1945, p.

87)
 2. UPA § 18, p. 91

B. Partners v Lenders: Martin v Peyton (NY 1927, p. 92)

C. Fiduciary Obligations

1. Meinhard v Salmon (NY 1928, p. 105)

D. Expulsion: Lawlis & Kightlinger & Gray (Ind. 1990, p. 125)

E. Rights of Partners in Management

1. Nat’l Biscuit v Stroud (NC 1959, p. 140)

2. Day v Sidley & Austin (DC 1975, p. 144)

F. Partnership Dissolution – Right to Dissolve

1. Owen v Cohen (Cal 1941, p. 150)

2. UPA § 801(5), p. 153

3. Collins v Lewis (TX 1955, p. 153)

4. Page v Page (Cal. 1961, p. 158)

G. Partnership Dissolution – Consequences

1. Prentiss v Sheffel (Ariz 1973, p. 161)

2. Pav-Saver v Vasso (Ill 1986, p. 164)

H. Limited Partnerships: Holzman v De Escamilla (Cal. 1948, p. 179)

1. RULPA § 303(a) p. 180:

III. Nature of the Corporation

A. Promoters and the Corporate Entity

1. Fiduciary Obligations
 2. Southern-Gulf Marine v Camcraft (La 1982, p. 184)

B. Limited Liability & Piercing the Corporate Veil

1. Walkovsky v Carlton (NY 1966, p. 189)

2. Sea-Land v Pepper Source (7th Cir. 1991, p. 194)

3. Limited Partnerships: Frigidaire v Union (Wash 1977, p. 211)

C. Shareholder Derivative Actions

1. Cohen v Beneficial Indus Loan (’49, p. 214)

2. Eisenberg v Flying Tiger (2d Cir ’71, p. 218)

D. Demand Requirement & Demand Futility

1. Grimes v Donald (Del ’96, p. 223)

2. Marx v Akers (NY ’96, p. 232)

E. Role of Special Committees

1. Auerbach v Bennnett (NY ’79, p. 238)

2. Zapata v Maldonado (Del ’81, p. 243)

3. Oracle (Del ’03, p. 251)

4. Martha Stewart Living (Del ’04, p. 262)

F. Role and Purposes of Corporations

1. AP Smith v Barlow (’53, p. 264)

2. Dodge v Ford Motor (MI ’19, p. 270)

3. Shlensky v Wrigley (IL ’68, p. 275)

IV. Duties of Officers, Directors

A. Obligations of Control: Duty of Care

1. Elements

2. Kamin v American Express (NY ’76, p. 310)

3. Smith v Van Gorkom (Del ’85, p. 314)

4. Cinerama v Technicolor (p. 324)

5. Legislative Response to Van Gorkom, p. 328

6. Francis v United Jersey Bank (NJ ’81, p. 328)

B. Duty of Loyalty

1. Directors and Managers: Bayer v Beran (NY ’44, p. 336)

2. Handout

3. Corporate Opportunities

a) Broz v Cellular Info Systems (Del ’96, p. 347)

b) In re eBay (Del ’04, p. 352)

4. Dominant Shareholders

a) Sinclair Oil v Levien (Del ’71, p. 357)

b) Zahn v Transamerica (3d Cir ’47, p. 361)

c)

5. Ratification

a) Fliegler v Lawrence (Del ’76, p. 367)

b) Wheelabrator (Del ’95, p. 370)

c) Handout
 C. Good Faith: Oversight

1. Stone v Ritter (Del ’06, p. 396)

V. Closely Held Corporations

A. Control

1. Ringling Bros v Ringling (Del ’47, p. 576)

2. McQuade v Stoneham (NY ’34, p. 583)

3. Clark v Dodge (NY ’36, p. 588)

4. Corporate Planning by Use of Employment Ks Outline, p. 592

5. Galler v Galler (IL ’64, p. 595)

6. Ramos v Estrada (Cal ’92, p. 600)

B. Abuse of Control

1. Wilkes v Springside Nursing Home (MA ’76, p. 607)

2. Ingle v Glamore Motor Sales (NY ’89, p. 614)

3. Smith v Atlantic (MA ’81, p. 623)

C. Control, Duration & Statutory Dissolution

1. Alaska Plastics v Coppock (AK ’80, p. 640)

2. Meiselman v Meiselman (’83, p. 647)

3. Pedro v Pedro (MN ’92, p. 657)

4. Handout

VI. Corporate Control

A. Mergers & Acquisitions – De Facto Merger Doctrine

 1. Farris v Glen Alden (PA ’58, p. 691)

2. Aftermath

3. Hariton v Arco Electronics (Del ’63, p. 698)

B. Freeze-Out Mergers

1. Weinberg v UOP (Del ’83, p. 700)

2. Coggins v New England Patriots (MA ’86, p. 712)

3. Rabkin v Philip Hunt Chemical (Del ’85, p. 718)

C. Takeovers

1. Cheff v Mathes (Del ’64, p. 733)

2. Unocal v Mesa Petroleum (Del ’85, p. 745)

3. SEC & Poison Pills, p. 753