Differentiate among corporate shareholders, directors, and officers.
Answer to relevant QuestionsExplain both the duty of loyalty and the duty of care as these pertain to corporate directors and officers. Explain the debtor education and credit counseling requirement under the Bankruptcy Abuse Prevention and Consumer Protection Act. Discuss the major differences between the two basic kinds of commercial paper: promises to pay (notes) and orders to pay (checks and drafts). If all other requirements of a negotiable instrument have been met except delivery, should payment depend on delivery, and, if so, why? Explain the characteristics of various kinds of deeds, and transfers of real property through eminent domain and adverse possession.
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