The Competition Act Provides the Right to Maintain a Common

question 27

Essay

The Competition Act provides the right to maintain a common law civil action in certain circumstances. Discuss how this may arise and the course such an action may take.

---

Definitions:

Bonus Shares

Additional shares given to existing shareholders without any extra cost, based on the number of shares they already own.

Basic Earnings

The net income divided by the weighted average number of common shares outstanding during the period, representing earnings per share.

Diluted Earnings

A measure of a company's profitability that accounts for all potential shares that could be exercised or converted into shares, often related to options or warrants.

Accounting Methods

The rules and procedures that a company follows to prepare its financial statements, including various methods for recognizing revenues, expenses, assets, and liabilities.