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Full-Text Articles in Law

Fiduciary Principles In Family Law, Elizabeth S. Scott, Ben Chen Jan 2018

Fiduciary Principles In Family Law, Elizabeth S. Scott, Ben Chen

Faculty Scholarship

Family members bear primary responsibility for the care of dependent and vulnerable individuals in our society, and therefore family relationships are infused with fiduciary obligation. Most importantly, the legal relationship between parents and their minor children is best understood as one that is regulated by fiduciary principles. Husbands and wives relate to one another as equals under contemporary law, but this relationship as well is subject to duties of care and loyalty when either spouse is in a condition of dependency. Finally, if an adult is severely intellectually disabled or becomes incapacitated and in need of a guardian, a family ...


Young Adulthood As A Transitional Legal Category: Science, Social Change And Justice Policy, Elizabeth S. Scott, Richard J. Bonnie, Laurence Steinberg Jan 2018

Young Adulthood As A Transitional Legal Category: Science, Social Change And Justice Policy, Elizabeth S. Scott, Richard J. Bonnie, Laurence Steinberg

Faculty Scholarship

In the past decade, developmental brain research has had an important influence on juvenile crime regulation. More recently, advocates and some policy makers have argued that the developmental research should shape the law’s response to young adult offenders. Developmental scientists have found that biological and psychological development continues into the early 20, and that 18 to 21 year old adults are more like younger adolescents than older adults in their impulsivity under some conditions. Further, like teenagers, young adults engage in risky behavior, such as drinking, smoking, unsafe sex, using drugs, and offending, to a greater extent than older ...


How Investors Can (And Can't) Create Social Value, Paul Brest, Ronald J. Gilson, Mark A. Wolfson Jan 2018

How Investors Can (And Can't) Create Social Value, Paul Brest, Ronald J. Gilson, Mark A. Wolfson

Faculty Scholarship

Most investors have a single goal: to earn the highest financial return. These socially-neutral investors maximize their risk-adjusted returns and would not accept a lower financial return from an investment that also produced social benefits. An increasing number of socially-motivated investors have goals beyond maximizing profits. Some seek investments that are aligned with their social values (value alignment), for example by only owning stock in companies whose activities are consistent with the investor’s moral or social values. Others may also want their investment to make portfolio companies create more social value (social value creation). The thrust of this essay ...