Which of the Following Businesses and Activities Enjoys an Implied

question 28

Multiple Choice

Which of the following businesses and activities enjoys an implied exemption from antitrust laws?

• A) railroads
• B) agricultural cooperatives
• C) airlines
• D) labor unions

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Definitions:

Corporate Officer

An executive or manager who holds a position of authority in a corporation, typically appointed by the board of directors.

Hostile Takeovers

Hostile takeovers are attempts by one company to acquire control of another company against the wishes of the target company's management and board of directors.

Respondeat Superior

Latin for “let the superior speak”; the principle by which liability for harm caused by an agent/ employee is held by the principal/employer.

Corporate Liability

The legal responsibility that a corporation can face for the actions or inactions of its directors, officers, or employees.