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Podcast Episode 282: Listen and Learn — Duty of Loyalty (Corporations)

February 23, 2021 By Law School Toolbox Team Leave a Comment

Welcome back to the Law School Toolbox podcast! In today’s episode, we’re talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited to engage in.

In this episode we discuss:

  • A review of the rule for duty of loyalty
  • The four types of prohibited conduct when the officer’s interest is placed before that of the corporation
  • The situations in which a conflict of interest occurs
  • Usurpation of a corporate opportunity
  • Other topics that duty of loyalty is often tested with
  • Analyzing three hypos from California bar exam essays involving duty of loyalty

Thanks for listening!

Listen Now

To listen now, just click on the arrow button above.

Resources:

  • “Listen and Learn” series
  • California Bar Examination – Essay Questions and Selected Answers, July 2015
  • California Bar Examination – Essay Questions and Selected Answers, February 2009
  • California Bar Examination – Essay Questions and Selected Answers, February 2002
  • Examples & Explanations: Corporations, by Alan R. Palmiter
  • Podcast Episode 280: Listen and Learn – Piercing the Corporate Veil
  • Corporations 101 – A Quick Look at Upperclassmen Courses

Prefer to read?

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Did You Like It?

If you enjoy the podcast, we’d love a nice review and/or rating on Apple Podcasts or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website. If you’re concerned about the bar exam, check out our sister site, the Bar Exam Toolbox. You can also sign up for our weekly podcast newsletter to make sure you never miss an episode!

Thanks for listening!

Alison & Lee


 

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