This lesson discusses the lower-of-cost-or-market rule that sometimes requires the book value of inventory to be reduced to its market value. Before taking this lesson, you should already be familiar with the basic accounting rules that govern inventory. Another lesson, Inventory and the Cost of Goods Sold, covers those basic concepts.
This lesson is intended for students who have studied irreparable injury in class, and want to expand and refine their knowledge.
This lesson focuses on basic concepts and terminology and addresses issues contained in what are called the legal capital provisions of corporate codes. You will encounter equity capitalization, par value, capital, capital surplus and earned surplus accounts in a balance sheet.
This is the third part of five related lessons concerning the issuance of securities by a corporation.
This is the fourth part of five related lessons concerning the issuance of securities by a corporation. This lesson deals with the amount of consideration used to pay for equity securities.
This lesson is the FINAL lesson in a FIVE part series dealing with the ways a corporation is financed, that is, the ways in which a company raises money to pay for its ongoing operations. BEFORE beginning this lesson, you should have completed ALL of the previous lessons and have mastered the concepts introduced in each of the previous lessons. This lesson builds on those earlier lessons. The FIRST lesson in the series is called Types of Securities, Corp27.
The goal of this program is to teach a substantial amount of Article 2 through the study of a single case. This exercise begins with a warranty case, ITT v. LTX.
This lesson explores the concept of a "joint work" in copyright law, including the legal standards which determine whether a work has been jointly authored as well as the legal consequences that attach to this characterization.
These questions review the materials covered in Chapter Two of the textbook Judicial Ethics and Conduct, available from CALI's eLangdell website. The subject matter covered includes: Maintaining the Independence and Impartiality of the Judiciary.
These questions review the materials covered in Chapter Three of the textbook Judicial Ethics and Conduct, available from CALI's eLangdell website.
These questions review the materials covered in Chapter Four of the textbook Judicial Ethics and Conduct, available from CALI's eLangdell website. The subject matter covered include ex parte subject matter.
These questions review the materials covered in Chapter Five of the textbook Judicial Ethics and Conduct, available from CALI's eLangdell website. The subject matter covered includes disqualification / recusal.