167: Listen and Learn -- Direct and Derivative Actions (Corporations) | The Bar Exam Toolbox...

Welcome back to the Bar Exam Toolbox podcast! Today, we review the terminology and rules that you'll need to know when answering a question on direct and derivative actions. To illustrate the concepts, we also go over two questions adapted from the California bar exam. In this episode, we discuss: Differences between direct and derivative causes of action Duty of loyalty and duty of care to a corporation Damages awarded in direct and derivative suits Majority shareholder oppression Analyzing two hypos involving corporations, from the February 2017 and July 2015 California bar exams Resources: “Listen and Learn” series (https://barexamtoolbox.com/bar-exam-t...) (https://barexamtoolbox.com/bar-exam-t...) The Brainy Bar Bank: Streamlining Bar Study (https://barexamtoolbox.com/brainy-bar...) (https://barexamtoolbox.com/brainy-bar...) California Bar Examination – Essay Questions and Selected Answers, February 2017 (https://www.calbar.ca.gov/Portals/0/d...) (https://www.calbar.ca.gov/Portals/0/d...) California Bar Examination – Essay Questions and Selected Answers, July 2015 (https://www.calbar.ca.gov/Portals/0/d...) (https://www.calbar.ca.gov/Portals/0/d...) Podcast Episode 23: Tackling an MEE Corporations Question (https://barexamtoolbox.com/podcast-ep...) (https://barexamtoolbox.com/podcast-ep...) Podcast Episode 35: Tackling a California Bar Exam Essay: Corporations (https://barexamtoolbox.com/podcast-ep...) (https://barexamtoolbox.com/podcast-ep...) Podcast Episode 120: Listen and Learn – Piercing the Corporate Veil (https://barexamtoolbox.com/podcast-ep...) (https://barexamtoolbox.com/podcast-ep...) Podcast Episode 124: Listen and Learn – Duty of Loyalty (Corporations) (https://barexamtoolbox.com/podcast-ep...) (https://barexamtoolbox.com/podcast-ep...) Podcast Episode 150: Listen and Learn – Corporate Formation and Pre-Incorporation Liability (https://barexamtoolbox.com/podcast-ep...) (https://barexamtoolbox.com/podcast-ep...) Download the Transcript (https://barexamtoolbox.com/episode-16...) (https://barexamtoolbox.com/episode-16...) (https://barexamtoolbox.com/episode-16...) If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/b...) (https://itunes.apple.com/us/podcast/b... (https://itunes.apple.com/us/podcast/b...) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Bar Exam Toolbox website (https://barexamtoolbox.com/contact-us/) (https://barexamtoolbox.com/contact-us/ (https://barexamtoolbox.com/contact-us/)). Finally, if you don't want to miss anything, you can sign up for podcast updates (https://barexamtoolbox.com/get-bar-ex...) (https://barexamtoolbox.com/get-bar-ex... (https://barexamtoolbox.com/get-bar-ex...! Thanks for listening! Alison & Lee Episode link: https://play.headliner.app/episode/13...