USA HISTORY

Detailed explanation-1: -Considered a landmark ruling in the development of U.S. constitutional and corporate law, Trustees of Dartmouth College v. Woodward (1819) held that the College would remain a private institution and not become a state university.

Detailed explanation-2: -The significance of the Dartmouth College v. Woodward case is that it prevented states governments from having control over private entities. The ruling supported the college and advised that charters were to be upheld and could not be amended by state legislation.

Detailed explanation-3: -The Court ruled that the college’s corporate charter qualified as a contract between private parties, the King and the trustees, with which the legislature could not interfere.

Detailed explanation-4: -The Dartmouth College case had far-reaching implications. By establishing that private corporate charters are contracts protected by the Constitution, this decision enabled business corporations to operate under whatever terms are dictated in their charters, without fear of interference by the state.