Oct 25, 2021
Welcome back to the Bar Exam Toolbox podcast! In today's episode, we talk about how corporations are formed, what happens when formation isn’t completed, and the details of pre-formation contract liability.
In this episode, we discuss:
- How is a corporation properly formed?
- Characteristics of de facto, de jure, and corporations by estoppel
- Analyzing two hypos, from the February 2013 and February 2005 California bar exams
- The Revised Model Business Corporation Act
- Promoter liability in pre-incorporation contracts
Resources:
- “Listen and Learn” series (https://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#listen-learn)
- Private Bar Exam Tutoring (https://barexamtoolbox.com/private-bar-exam-tutoring/)
- The Brainy Bar Bank: Streamlining Bar Study (https://barexamtoolbox.com/brainy-bar-bank/)
- California Bar Examination – Essay Questions and Selected Answers, February 2013 (https://www.calbar.ca.gov/Portals/0/documents/admissions/gbx/February-2013-CBX%20Selected%20Answers%20Essays.pdf)
- California Bar Examination – Essay Questions and Selected Answers, February 2005 (https://nwculaw.edu/pdf/bar/February%202005%20Essays%20and%20Sample%20Answers.pdf)
- Podcast Episode 23: Tackling an MEE Corporations Question (https://barexamtoolbox.com/podcast-episode-23-tackling-an-mee-corporations-question/)
- Podcast Episode 35: Tackling a California Bar Exam Essay: Corporations (https://barexamtoolbox.com/podcast-episode-35-tackling-a-california-bar-exam-essay-corporations/)
Download the Transcript
(https://barexamtoolbox.com/episode-150-listen-and-learn-corporate-formation-and-pre-incorporation-liability/)
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Thanks for listening!
Alison & Lee