282: Listen and Learn -- Duty of Loyalty (Corporations)

The Law School Toolbox Podcast: Tools for Law Students from 1L to the Bar Exam, and Beyond

Welcome back to the Law School Toolbox podcast! In today's episode, we're talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited to engage in.

In this episode we discuss:

  • A review of the rule for duty of loyalty
  • The four types of prohibited conduct when the officer's interest is placed before that of the corporation
  • The situations in which a conflict of interest occurs
  • Usurpation of a corporate opportunity
  • Other topics that duty of loyalty is often tested with
  • Analyzing three hypos from California bar exam essays involving duty of loyalty

Resources:

Download the Transcript (https://lawschooltoolbox.com/episode-282-listen-and-learn-duty-of-loyalty-corporations/)

If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/law-school-toolbox-podcast/id1027603976) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/). You can also sign up for our weekly podcast newsletter (https://lawschooltoolbox.com/get-law-school-podcast-updates/) to make sure you never miss an episode!

Thanks for listening!

Alison & Lee

More description

Welcome back to the Law School Toolbox podcast! In today's episode, we're talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited to engage in.

In this episode we discuss:

  • A review of the rule for duty of loyalty
  • The four types of prohibited conduct when the officer's interest is placed before that of the corporation
  • The situations in which a conflict of interest occurs
  • Usurpation of a corporate opportunity
  • Other topics that duty of loyalty is often tested with
  • Analyzing three hypos from California bar exam essays involving duty of loyalty

Resources:

Download the Transcript (https://lawschooltoolbox.com/episode-282-listen-and-learn-duty-of-loyalty-corporations/)

If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/law-school-toolbox-podcast/id1027603976) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/). You can also sign up for our weekly podcast newsletter (https://lawschooltoolbox.com/get-law-school-podcast-updates/) to make sure you never miss an episode!

Thanks for listening!

Alison & Lee

2021-02-22 16 min
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