Total run time:
45m
This module covers some basic concepts in Contract Law. What are the necessary parts of a contract? When might a contract be unenforceable? What role do contracts play in a common law system? How do contracts help individuals and society develop products and services that would otherwise be too difficult?
Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale development. Small investors could take a chance on a business opportunity without the ri
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Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale development. Small investors could take a chance on a business opportunity without the risk that they would be held personally responsible for accidents or problems. These people might lose the money they invested, but they would not be pursued for larger debts that the company could incur on its own.
J.W. Verret is an Associate Professor of Law at Antonin Law School at George Mason University. He teaches Banking, Securities and Corporation Law.
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
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#law #lawstudent #no86 #lawschool #corporatelaw #corporatelawyer
Total run time:
45m
Course:
Total videos:
14
Difficulty:
First Year
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