Which of the Following Is True of the Antitrust Laws

question 37

Multiple Choice

Which of the following is true of the antitrust laws in the United States? They are

• A) designed to make the business environment more equitable.
• B) designed to promote a competitive economy.
• C) deliberately written in a way to make clear to all what is and what is not allowed.
• D) deliberately written in a language to promote cooperation among businesses.

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Definitions:

Frustration Of Purpose

A defense in contract law that may excuse parties from their obligations if an unforeseen event undermines the contract's original purpose.

Condition Precedent

A condition or event that must occur before a contract or a specific provision within a contract becomes effective or enforceable.

Illusory Promise

A statement or promise that is misleading or lacks the necessary intent to be legally enforceable.

Statutes Of Limitations

Laws that set the maximum time after an event within which legal proceedings may be initiated.