Why Would a Court Consider an Accounting of Profits to Be

question 7

Multiple Choice

Why would a court consider an accounting of profits to be an appropriate remedy for a breach of the corporate opportunity doctrine?

• A) It is the most obvious remedy available to the courts.
• B) It facilitates the return of something that belonged to the corporation.
• C) It is a readily available calculation to be made.
• D) It facilitates quick and effective punishment for white collar crimes.

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Definitions:

Sherman Act

A landmark federal statute passed by Congress in 1890 that prohibits certain business activities considered to be anti-competitive, and requires the federal government to investigate and pursue trusts.

U.S. Antitrust Laws

Laws implemented to prevent anticompetitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Foreign Corrupt Practices Act

A U.S. law passed in 1977 aimed at preventing companies from bribing foreign officials to gain a business advantage.

American Company

A business organization that is registered and operates in the United States, adhering to the laws and regulations of the country.