The Wholesaler of Soap Opera Review Is Found Guilty of Monopolistic

question 233

Multiple Choice

The wholesaler of Soap Opera Review is found guilty of monopolistic practices that caused the price of the magazine to be $1 higher than it should have been. Under the Sherman Act, the plaintiff may sue for:

• A) for treble damages plus court costs and attorney fees
• B) for $1 worth of damages, trebled to $3
• C) for a criminal felony only
• D) for specific performance only
• E) for nominal damages only

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Definitions:

Illegal Agreements

Contracts or arrangements that are prohibited by law and thus are not enforceable by the judicial system.

Noncompetition Clause

A contract provision that prohibits a party from engaging in similar business or trade in competition against another party.

Liability Waiver

A legal document in which a person agrees to relinquish the right to sue or claim against another party in case of injury or damage.

Illegal Agreement

A contract based on the premise or performance of an activity that violates the law, making it unenforceable.