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Acetates On Corporate Contract Law
Acetates On Corporate Contract Law
Acetates On Corporate Contract Law
LEGAL MAXIMS
A MANS WORD IS HIS BOND.
PERFECTED BY MERE CONSENT, AND FROM THAT MOMENT THE PARTIES ARE BOUND NOT ONLY TO THE FULFILLMENT OF WHAT HAS BEEN EXPRESSLY STIPULATED BUT ALSO TO ALL THE CONSEQUENCES WHICH, ACCORDING TO THEIR NATURE, MAY BE IN KEEPING WITH GOOD FAITH, USAGE AND LAW.
ARE
CONTRACTS
WITH CORPORATE ENTITIES SHOULD HAVE THE SAME FORCE AND EFFECTS AS CONTRACTS ENTERED INTO BY LEGALLY CAPACITATED NATURAL PERSONS .
IN OR
CONTRACTS ENTERED
BY
THE
OBLIGATION
OF
CONTRACTS SHALL
THE
STATE HAS LEGAL STANDING TO QUESTION DEFECT IN THE CORPORATE PERSON (QUO WARRANTO)
THE
ONLY
II. FROM
THE
OWNERS
OVER THE
STOCKHOLDERS MANDATED TO MAINTAIN INVESTMENTS THE BUSINESS ENTERPRISE FOR THE CORPORATE TERM OWNERS HAVE MANAGEMENT PROFITS III. FROM
THE
AND
IN
ENTITLED
TO THE
DEAL WITH THE CAPACITY OF THE CORPORATE PARTY ENTER INTO CONTRACTS/TRANSACTIONS UNDER: ARTICLES OF INCORPORATION BY-LAWS
II. INCORPORATED CONTRACTS At Least One Party Believed that There Was a Validly Incorporated Corporate Party
A. DE JURE CORPORATE CONTRACTS B. DE FACTO CORPORATE CONTRACTS C. CORPORATION BY ESTOPPEL CONTRACTS D. OTHER CONTRACTS
BOTH
PARTIES KNEW THERE WAS NO
CORPORATION
BUSINESS SETTING
A. PREFERENCE
OVER THE
B. STOCKHOLDERS
C. THE MANAGEMENT
AND
PROFITS
OF THE
BUSINESS
II. TRUST FUND DOCTRINE THE ASSETS OF THE CORPORATION TO THE EXTENT OF ITS CAPITAL STOCK REPRESENT A TRUST FUND FOR THE PROTECTION OF THE CREDITORS CLAIMS.
1. DURING
THE LIFE OF THE
CORPORATION,
NO ASSETS MAY
2. DIVIDENDS 3. THE
ITS
RETAINED EARNINGS CORPORATION IS WITHOUT AUTHORITY TO REPURCHASE OWN SHARES OF STOCK, EXCEPT IN INSTANCES
MANDATED BY LAW
4.
THE
CORPORATION
CANNOT
WAIVE
OR
CONDONE
SUBSCRIPTIONS RECEIVABLES
5. THE
6. UPON 7. UPON
ALL
SUBSCRIPTIONS
RECEIVABLES
AUTOMATICALLY BECOME DUE AND PAYABLE DISSOLUTION, ALL ASSETS OF THE CORPORATION
CHARTER
POWER
AND
OF
THE
INTRA-CORPORATE
EXTRA-
INTRAMURAL RELATIONSHIP
CONTRACT
FOR
INTRA-CORPORATE
IS NOT BINDING ON EXTRA-CORPORATE PARTIES INTENDED TO REGULATE INTERNAL MATTERS CANNOT CONTRAVENE THE CHARTER OR THE LAWS
III.
EXPRESS/IMPLIED/ INCIDENTAL
BY IMPROPER
MANAGEMENT DOCTRINE
BUSINESS JUDGMENT RULE COURTS CANNOT SUBSTITUTE THE JUDGMENT OF BOD BOD/AGENTS CANNOT BE HELD PERSONALLY LIABLE