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Elmer agreed to act as the conditional guarantor of collection on a debt of $50,000 that Fred owed to Gloria.Fred paid Elmer a premium to serve as surety.If Fred defaults on the debt,what are Gloria's rights against Elmer?
Conglomerate Merger
The merger of two firms operating in separate industries or separate geographic areas so that neither firm is a supplier, customer, or competitor of the other; any merger that is neither a horizontal merger nor a vertical merger.
Price-Fixing
An illegal agreement among competitors to maintain prices at a certain level, preventing competition.
Antitrust Laws
Laws designed to promote competition and prevent monopolies, thereby protecting consumers from unfair business practices and ensuring a variety of goods and services in the market.
Sherman Act
A foundational antitrust law in the United States that outlaws monopolistic practices and promotes competitive markets.
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