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A. P. Smith Manufacturing Co. v. Barlow
3/18/2024 pdw
In this case a corporation sought a declaratory judgment that it could donate money to Princeton University. The court reasons that it can by linking the corporation's charitable contribution to the long-term health of the corporation.
Should that matter? Should a corporation be permitted to act as a good citizen even when doing so hurts the corporation's profits? Should we limit that do-gooding to donations?
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