What Act of Congress Declared Restraint of Trade Illegal and Declared

question 118

Multiple Choice

What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?

• A) Celler-Kefauver Act.
• B) Sherman Antitrust Act.
• C) Clayton Act.
• D) Robinson-Patman Act.

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Definitions:

Secret Profit

Financial gain obtained secretly and unethically as a result of one's position or through the exploitation of confidential information.

Conflict of Interest

A situation where an individual's personal interests could improperly influence the performance of their duties or decision-making.

Dual Agency

A real estate transaction scenario in which a single agent or broker represents both the buyer and the seller, creating potential conflicts of interest.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when managing another person’s assets, involving a relationship of trust and confidence.