Explain How the Courts Have Ruled on Price Fixing

question 99

Essay

Explain how the courts have ruled on price fixing.

Understand novation and the requirements for its validity, including the substitution of parties in a contract.

Identify circumstances under which a contract is considered void or voidable.

Recognize the factors influencing a court's decision to apportion losses in the case of frustrated contracts.

Understand the enforcement and limitations of non-competition clauses in employment contracts.

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Definitions:

Shape Constancy

The perceptual tendency to perceive an object as having the same shape regardless of its orientation or the angle from which it is viewed.

Figure-ground Constancy

A visual perception principle where an object (figure) is perceived distinctly from its surrounding area (ground).

Phi Phenomenon

The perception of unbroken movement created by quickly viewing a series of independent objects one after another, known as an optical illusion.

Monocular Cue

Visual information that allows perception of depth and distance using one eye.