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An ‘All Of The Above’ Theory Of Legal Development, Larry A. Dimatteo
An ‘All Of The Above’ Theory Of Legal Development, Larry A. Dimatteo
Larry A DiMatteo
The paper provides a brief background of Nathan Isaacs, his work, and his theory of legal development. Invariably, when analyzing Isaacs’ claim that history proves that law developments in cycles (status to contract to status) the role of Jewish legal history in the development of his thought will play an important role in understanding his theory. Isaacs’ was that rare scholar knowledgeable in the common law, as well as, civil law. A pragmatic realist, as well as a devote Jew. He was a legal historian and very much a man of the present. He possessed a Ph.D. in Economics, and …
Policing Limited Liability Companies Under Contract Law, Larry Dimatteo
Policing Limited Liability Companies Under Contract Law, Larry Dimatteo
Larry A DiMatteo
In 2004, Delaware amended its limited liability company law (Delaware Act) to allow for the contractual elimination of fiduciary duties. The statute seeks to emphasize the contract basis of limited liability companies (LLCs). It does this by providing the legal support for the incorporation of clauses that eliminate the traditional duties of care and loyalty (elimination clauses) found in corporate, agency, and trust law. The only immutable principle enunciated by the Delaware Act is the covenant of good faith. The primary focus of this paper will be on the ability of contract law to police the management and operation of …