Examlex
What are the restrictions placed on a cash-basis taxpayer in deducting prepaid expenses?
Contracts
Legally binding agreements between two or more parties that create mutual obligations.
Sherman Act
The Sherman Act is a landmark federal statute in the field of U.S. antitrust law passed by Congress in 1890, which prohibits monopolistic business practices and promotes competition.
Illegal Per Se
Refers to actions or conditions that are inherently illegal, without the need for additional proof of their harmfulness or illegality.
Market Allocations
Agreements between competitors to divide markets among themselves, often considered illegal under antitrust laws.
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