Dodge v. Ford Motor Co.

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/dodge-v--ford-motor-co

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the case citation?204 Mich 459; 170 NW 668 (1919)
2. What is the primary legal doctrine affirmed?Shareholder primacy
3. What was the Dodge v. Ford Motor Co. case about?It was a court case where the Dodge brothers asked Henry Ford to give them money from the company, and the court said Ford had to focus on making money for shareholders.
4. Why did the Dodge brothers want money from Ford?They were shareholders who expected profits, and they thought Ford was not sharing enough money.

Shareholder Primacy: The corporate governance principle that directors and officers owe their primary duty to the shareholders.
Fiduciary Duty: A legal obligation of one party to act in the best interest of another party.
Business Judgment Rule: A legal presumption that the decisions of a corporation's directors are informed, made in good faith, and in the best interests of the corporation.
Stakeholder Capitalism: A system where corporations serve the interests of all their stakeholders, not just shareholders.