Provides an introduction to the structure and characteristics of modern business associations, including agency, corporations, partnerships and limited liability corporations (LLC's). Course Information: Same as IP 431. Previously listed as JD 081/IP 418. Prerequisite(s): JD 401, and JD 405, and JD 406, and JD 407, and JD 411, and JD 414, and JD 415, and JD 416; and LAW 402 or LAW 403 or LAW 404; and LAW 412 or LAW 413.