1. Consider the hypothetical situation of the Chris family, who runs a manufacturing company and decides to incorporate. They want to make a company and get limited liability. However, corporate-level taxation would be very costly for them. Benjamin Chris would like to tax as a partnership whenever possible. Noah Chris is concerned about the extra paperwork and meetings that the corporate structure necessarily entails. Lucas Chris doesn't want a large board of directors. Is there a form of business that will satisfy the Chris family? How would you advise them? What about forms other than corporations? What are the advantages and disadvantages?

2. Consider the following situation. On Monday, you call your stockbroker and ask him to buy 300 shares (common stock) of Mood, Inc. at the current market price of $15 per share. Your broker agrees to do so, but fails to place the order. Mood's share price rose $3 per share that day. In a phone conversation later that evening, you agreed to sell 300 shares of Mood, Inc. to a business associate for $16 a share. On Tuesday morning, Mood's Board of Directors declares a dividend of $4/week. Assuming you and your broker dispute the validity of the buy/sell contract, which contract is enforceable in court? Are you entitled to a declared dividend?

3. Regarding the 'business judgment principle' in the corporate law. How broad should the rules of business judgment be in protecting officers and directors from responsibility for their actions? What is the purpose of the rule? What difficulties do you see in applying it to corporate management? Would you have a different opinion on the rules if you were an executive of a company rather than a shareholder?