The Sherman Act of 1890

question 32

Multiple Choice

The Sherman Act of 1890

• A)made interlocking directorates illegal.
• B)set up the Federal Trade Commission (FTC) to deal with "unfair methods of competition."
• C)made monopolization of trade a misdemeanor.
• D)prohibited suppliers from offering special discounts to large chain stores without offering them to everyone else.
• E)empowered the FTC to deal with false and deceptive acts or practices.

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Definitions:

Section 402A

A provision in the Restatement (Second) of Torts that establishes the manufacturer's liability for harm caused by defective products.

Restatement of the Law of Torts

A collection of common law principles regarding civil wrongs, excluding contract disputes, intended for clarity and adaptation by courts.

Unreasonably Dangerous

A term used to describe products or activities that pose a risk of harm beyond what would be contemplated by an ordinary person under normal usage.

Defective Product

A product that is not safe for its intended use due to a design, manufacturing, or marketing defect, potentially leading to legal liability for the manufacturer.