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LAW 121 Law of Business Organizations (3)
3 hours lecture per week
Recommended Preparation: Credit in or qualification for ENG 100 or ENG 160.
Comment: LAW 121 may not be audited.
LAW 121 acquaints the student with the legal concepts and procedures relating to commercial transactions. Substantive areas covered will include contracts, partnerships, corporations and the Uniform Commercial Code.
Upon successful completion of LAW 121, the student should be able to:
- Draft Articles of Incorporation (also close corporations), bylaws, initial minutes, stock certificates; obtain corporate seal, minute book, and stock certificates.
- Draft documents for corporate liquidations and dissolutions.
- Prepare all documentation registering a foreign corporation to do business in Hawai`i, including registration statement, Hawai`i Excise Tax forms, and annual statement of registration.
- Draft partnership agreements.
- Complete a partnership registration statement to be filed at the Department of Commerce and Consumer Affairs.
- Draft specific documents and do business research using the best research materials available.
- Prepare contracts.