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The articles of incorporation serve as a primary source of authority for a corporation’s business functions.

Directors must engage in self-dealing.

The U.S. Postal Service is a public corporation.

A franchisor can mandate retail prices for the goods that a franchisee sells.

Members of a limited liability company can stipulate in their operating agreement provisions relating to dissolution.

In determining whether a franchisor acted in good faith when terminating a franchise agreement, a court will attempt to balance the rights of both parties.

A limited liability partnership must be formed in compliance with state statutes.

The franchise agreement is likely to set out standards for the franchise.

In determining whether a franchisor acted in good faith when terminating a franchise agreement, a court will attempt to balance the rights of both parties.

The franchise agreement is likely to set out standards for the franchise.