Corporate Law and the Theory of the Firm
Dozens of judicial opinions have held that shareholders own corporations, that directors are agents of shareholders, and even that directors are trustees of shareholders’ property. Yet, until now, it has never been proven. These doctrines rest on unsubstantiated assumptions.
In this book the author performs a rigorous, systematic analysis of common law, contract law, property law, agency law, part...
Dozens of judicial opinions have held that shareholders own corporations, that directors are agents of shareholders, and even that directors are trustees of shareholders’ property. Yet, until now, it has never been proven. These doctrines rest on unsubstantiated assumptions.
In this book the author performs a rigorous, systematic analysis of common law, contract law, property law, agency law, part...
