Laws Designed to Prevent Companies from Fixing Prices,sharing Markets,and Gaining

question 89

Multiple Choice

Laws designed to prevent companies from fixing prices,sharing markets,and gaining unfair monopoly advantages are called ________.

• A) antitrust laws
• B) theocratic laws
• C) anarchist laws
• D) bilateral laws

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Definitions:

Fraud

The intentional deception or misrepresentation made by a person or entity to gain an unfair advantage or to harm another party's interests.

Rectification

The process of correcting or making right an error, especially in legal documents.

Voidable

A term describing a contract or transaction that remains valid until one party takes action to void it, often due to elements like fraud or misrepresentation.

Worthless Cheque

A cheque that cannot be processed because the account it is drawn on does not have sufficient funds.