Charles States He Has Authority to Contract for Wyatt and That

question 25

Essay

Charles states he has authority to contract for Wyatt and that he will be personally liable if he does not in fact have the authority to bind Wyatt.Identify the name and effect of Charles's statement.If Charles enters the contract without making such a statement,is there a way the same effect could result?

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Definitions:

Clayton Act

An antitrust law enacted in 1914 to prevent anti-competitive practices, monopolies, and to protect the rights of consumers and businesses.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.

Discriminated

Treated differently or unfairly, often based on race, gender, age, or sexual orientation.

Secondary Price Discrimination

A pricing strategy where the seller charges different prices to different consumers for the same product or service, based on factors other than the cost of production.