The Sherman Anti-Trust Act Was at First Primarily Used to Curb

question 9

Multiple Choice

The Sherman Anti-Trust Act was at first primarily used to curb the power of

• A) manufacturing corporations.
• B) labor unions.
• C) state legislatures.
• D) railroad corporations.
• E) banking syndicates.

Understand the strategic approaches and their importance in negotiation success.

Differentiate between intragroup and intergroup conflicts and their impacts on negotiation.

Identify the value of creative negotiation strategies that do not require compromise.

Understand the influence of BATNA on negotiation outcomes.

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Definitions:

Mutual Assent

In contract law, the state of mind that exists between an offeror and an offeree once a valid offer has been accepted and once the parties know what the terms are and have agreed to be bound by them. Also known as “a meeting of the minds.”

Unenforceable Contract

A contract that cannot be upheld by a court because of some rule of law.

Complete Contract

A contract that outlines all the relevant and necessary conditions and terms of the agreement between parties for a particular transaction or arrangement.

Privity

Privity refers to a close, direct, or successive relationship between two parties, especially one recognized by law, such as between lessor and lessee or between buyer and seller.