Gig Corp Is Accused of Price-Gouging

question 21

Multiple Choice

Gig Corp. is accused of price-gouging. Gig argues that the company is only involved in intrastate business, so it is not bound by any federal laws or regulations. If Gig is correct:

• A)its actions are not illegal.
• B)the state where Gig is located will have laws against price-gouging.
• C)it will be a change in U.S. legal history.
• D)None of the above

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Definitions:

Legal Definition

A formal and authoritative description or interpretation of a legal term or concept as established by laws or court decisions.

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Unfit To Stand Trial

A legal determination that a person is not able to participate in their defense due to a mental disorder or incapacity.

Mental Disorder

A condition characterized by significant disturbance in an individual's behavior, emotional regulation, or thought processes.