Business Organizations: A Transactional Approach, Fourth Edition

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Business Organizations: A Transactional Approach by William Sjostrom is designed for those who want to teach business organizations, business associations, or corporations using a transactional, problem-oriented, and/or practical approach. 

This casebook teaches from a transactional perspective and shows how legal concepts are written in the real world. It has numerous actual provisions from the various documents corporate lawyers draft and review so that students gain a sense of what corporate lawyers do in practice. With content selected through a corporate lawyer lens, and emphasis on real-world provisions, this is the only Business Organizations casebook on the market allowing students to work with complete transactional documents (e.g., limited liability partnership agreements, LLC operating agreements, certificates of designation, warrant agreements, and shareholders’ agreements). Featuring numerous exercises, designed to reinforce the covered material and help students develop the planning and problem-solving skills of a corporate lawyer as well as expose students to the documents and issues at the heart of the transactional practice, the book also contains more narrative and fewer cases--legal concepts are covered in concise explanatory text instead of judicial opinions. 

New to the Fourth Edition:  

• New materials regarding the duty of oversight  
• New materials regarding demand futility 
• Updated exercises and statistics 
• MBCA references changed to the latest edition given recent state adoptions 

Professors and students will benefit from: 

• Straightforward text makes it easier to teach complicated concepts 
• Numerous exercises make the book ideal for problem-method teaching 
• Extensive teaching materials (PowerPoint slides, diagrams, calculation sheets, step-by-step documents, poll questions, etc.) available online 
• Practice-oriented—students exposed to real-world provisions and agreements 
• Transaction-oriented—students get a sense of what corporate lawyers do 
• Problem-oriented—students get to repeatedly apply what they’ve learned