Louis K. Liggett Co. v. Baldridge

A standing criticism of the use of corporations in búsiness is that it causes such business to be owned by people who do not know anything about it. Argument has not been supposed to be necessary.in order to show that the divorce between the power of control and knowledge is an evil. The selling of drugs and poisons calls for knowledge in a high degree, and Pennsylvania after enacting a series of other safeguards has provided that in that matter the divorce shall not be allowed. Of course, notwithstanding the requirement that in corporations hereafter formed all the stockholders shall be…