167: Listen and Learn -- Direct and Derivative Actions (Corporations) - a podcast by Bar Exam Toolbox
from 2022-03-21T09:00
Welcome back to the Bar Exam Toolbox podcast! Today, we review the terminology and rules that you'll need to know when answering a question on direct and derivative actions. To illustrate the concepts, we also go over two questions adapted from the California bar exam.
In this episode, we discuss:
- Differences between direct and derivative causes of action
- Duty of loyalty and duty of care to a corporation
- Damages awarded in direct and derivative suits
- Majority shareholder oppression
- Analyzing two hypos involving corporations, from the February 2017 and July 2015 California bar exams
Resources:
- “Listen and Learn” series (https://barexamtoolbox.com/bar-exam-toolbox-podcast-archive-by-topic/bar-exam-toolbox-podcast-explaining-individual-mee-and-california-bar-essay-questions/#listen-learn)
- The Brainy Bar Bank: Streamlining Bar Study (https://barexamtoolbox.com/brainy-bar-bank/)
- California Bar Examination – Essay Questions and Selected Answers, February 2017 (https://www.calbar.ca.gov/Portals/0/documents/admissions/Examinations/CBXFeb2017_Selected_EssayQuestions1-6_R.pdf)
- California Bar Examination – Essay Questions and Selected Answers, July 2015 (https://www.calbar.ca.gov/Portals/0/documents/admissions/gbx/July2015_CBXSelectedAnswers_EssayQuestions1-6_R.pdf)
- Podcast Episode 23: Tackling an MEE Corporations Question (https://barexamtoolbox.com/podcast-episode-23-tackling-an-mee-corporations-question/)
- Podcast Episode 35: Tackling a California Bar Exam Essay: Corporations (https://barexamtoolbox.com/podcast-episode-35-tackling-a-california-bar-exam-essay-corporations/)
- Podcast Episode 120: Listen and Learn – Piercing the Corporate Veil (https://barexamtoolbox.com/podcast-episode-120-listen-and-learn-piercing-the-corporate-veil/)
- Podcast Episode 124: Listen and Learn – Duty of Loyalty (Corporations) (https://barexamtoolbox.com/podcast-episode-124-listen-and-learn-duty-of-loyalty-corporations/)
- Podcast Episode 150: Listen and Learn – Corporate Formation and Pre-Incorporation Liability (https://barexamtoolbox.com/podcast-episode-150-listen-and-learn-corporate-formation-and-pre-incorporation-liability/)
Download the Transcript
(https://barexamtoolbox.com/episode-167-listen-and-learn-direct-and-derivative-actions-corporations/)
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Thanks for listening!
Alison & Lee
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