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Vol 22 No 3 March/April 2017

Book of the Month

Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Simon Mortimore
Price: £225.00

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UK Public Holiday May 2017

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Business Persons: A Legal Theory of the Firm


ISBN13: 9780198746461
Published: July 2015
Publisher: Oxford University Press
Country of Publication: UK
Format: Paperback (Hardback in 2013)
Price: £18.99
Hardback edition , ISBN13 9780199670918



Low stock.

Business firms are ubiquitous in modern society, but an appreciation of how they are formed and for what purposes requires an understanding of their legal foundations.

This book provides a scholarly and yet accessible introduction to the legal framework of modern business enterprises. It explains the legal ideas that allow for the recognition of firms as organizational "persons" having social rights and responsibilities. Other foundational ideas include an overview of how the laws of agency, contracts, and property fit together to compose the organized "persons" known as business firms.

The institutional legal theory of the firm developed embraces both a "bottom-up" perspective of business participants and a "top-down" rule-setting perspective of government. Other chapters in the book discuss the features of limited liability and the boundaries of firms. A typology of different kinds of firms is presented ranging from entrepreneurial one-person start-ups to complex corporations, as well as new forms of hybrid social enterprises.

Practical applications include contribution to the debates surrounding corporate executive compensation and political free-speech rights of corporations.

Subjects:
Company Law
Contents:
Introduction - The Recognition and Boundaries of the Firm
1. Foundations of the Firm I: Business Entities and Legal Persons
2. Foundations of the Firm II: Agency, Contracts, and Property
3. The Public/Private Distinction: Two Faces of the Business Enterprise
4. Enterprise Liability, Business Participant Liability, and Limited Liability
5. The Nomenclature of Enterprise: A Taxonomy of Modern Business Firms
6. Managing and Regulating the Shifting Boundaries of the Firm
7. Two Applications
Conclusion