The Competition and Consumer Act Makes It Illegal for Companies

question 93

True/False

The Competition and Consumer Act makes it illegal for companies to make a contract or arrangement that would substantially lessen competition

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Definitions:

Creditor

An entity to which a debtor owes money.

Agency

The fiduciary relationship that arises when one person consents to have another act on his behalf and subject to his control and the other consents to do so.

Boats

Watercraft of various sizes and types designed to travel on, through, or under water, primarily used for transportation, recreation, or sports.

Sharing of Profits

An arrangement where profits earned from a business, investment, or venture are distributed among the stakeholders or partners according to predetermined criteria or an agreed formula.