In the 1919 lawsuit Dodge v. Ford, the Dodge brothers and other major shareholders sued Henry Ford and his board of directors over nonpayment of dividends. The Michigan Supreme Court sided with _______________ . Incorporation laws at the time ____________ companies to follow the shareholder model.
A. Ford; required
B. Ford; permitted
C. The Dodge brothers; required
D. The Dodge brothers; permitted
Answer:C
In the 1919 lawsuit Dodge v. Ford, the Dodge brothers and other major shareholders sued Henry Ford and his board of directors over nonpayment of dividends. The Michigan Supreme Court sided with _______________ . Incorporation laws at the time ____________ companies to follow the shareholder model.
A. Ford; required B. Ford; permitted C. The Dodge brothers; required D. The Dodge brothers; permitted