When the International Association of Machinists Brought a Suit Claiming

question 31

Multiple Choice

When the International Association of Machinists brought a suit claiming that an agreement by member states of the Organization of Petroleum Exporting Countries (OPEC) to increase the price of crude oil through taxes and price-setting was in violation of Sections 1 and 2 of the Act, the federal district court dismissed the case for lack of jurisdiction based on the
Doctrine.

• A) Sherman; act-of-state
• B) Sherman; commercial impracticability
• C) Clayton; substantial performance
• D) Clayton; frustration of purpose

---

Definitions:

Single-Party Marketing

Marketing strategies or campaigns that are conceptualized and executed by a single organization, without collaboration with other parties.

Professional Revenue Model

A framework that outlines how a business intends to generate income through its professional services or offerings.

Time

A continuous, irreversible sequence in which events occur from the past, through the present, into the future.

Materials Contract

is an agreement specifying the terms regarding the supply and purchase of materials needed for a particular service or operation.