Dodge V. Ford Motor Company - Judgment

Judgment

The Court held that a business corporation is organized primarily for the profit of the stockholders, as opposed to the community or its employees. The discretion of the directors is to be exercised in the choice of means to attain that end, and does not extend to the reduction of profits or the nondistribution of profits among stockholders in order to benefit the public, making the profits of the stockholders incidental thereto.

Because this company was in business for profit, Ford could not turn it into a charity. This was compared to a spoilation of the company's assets. The court therefore upheld the order of the trial court requiring that directors declare an extra dividend of $39 million.

Read more about this topic:  Dodge V. Ford Motor Company

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Judgment

Judgement (or judgment) is the evaluation of evidence in the making of a decision. The term has four distinct uses:

  • Informal - Opinions expressed as facts.
  • Informal and psychological – used in reference to the quality of cognitive faculties and adjudicational capabilities of particular individuals, typically called wisdom or discernment.
  • Legal – used in the context of legal trial, to refer to a final finding, statement, or ruling, based on a considered weighing of evidence, called "adjudication". See spelling note for further explanation.
  • Religious – used in the concept of salvation to refer to the adjudication of God in determining Heaven or Hell for each and all human beings.
Judgment (mathematical Logic)
... In mathematical logic, a judgment can be for example an assertion about occurrence of a free variable in an expression of the object language, or about provability of a ... Judgments are used for example in formalizing deduction systems a logical axiom expresses a judgment, premises of a rule of inference are formed as a sequence of judgments, and their conclusion is a judgment as well ... Also the result of a proof expresses a judgment, and the used hypotheses are formed as a sequence of judgments ...

Famous quotes containing the word judgment:

    It may be you fear more to deliver judgment upon me than I fear judgment.
    Giordano Bruno (1548–1600)

    Casting an eye on the education of children, from whence I can make a judgment of my own, I observe they are instructed in religious matters before they can reason about them, and consequently that all such instruction is nothing else but filling the tender mind of a child with prejudices.
    George Berkeley (1685–1753)

    If you were born to honor, show it now;
    If put upon you, make the judgment good
    That thought you worthy of it.
    William Shakespeare (1564–1616)