MODULE SEVEN: SPECIAL CONTRACTS 3- INSURANCE, BONDING AND BAILMENT
Explain what is meant by the right of subrogation. How may subrogation affect not only the . insured but also the person who has caused the injury or damage? Indicate other means by which the insurance company may keep damages as low as possible.
Question Two What is bonding? Distinguish between bonding and insurance coverage. Question Three
Discuss the different ways in which a bailment may be created, the duty on the various types of bailees. Compare a bailee to a common carrier and to an innkeeper.
MODULE EIGHT: BUSINESS ORGANIZATIONS: SOLE PROPRIETORSHIPS, PARTNERSHIPS AND CORPORATIONS
Explain the significance of the memorandum of association, articles of incorporation, and articles of association.
Explain the duties of directors of a corporation. Who else owes similar duties? What remedies area available for the breaches of duties?
Discuss shareholder agreements, closely held corporations, and the circumstances under which a court will "lift the corporate veil."
Discuss broadly held corporations, shareholder rights, and distinguish between derivative action, dissent, and oppression remedies.