Horizontal Agreements to Limit Sales by Territory or Customer Are

question 118

True/False

Horizontal agreements to limit sales by territory or customer are always illegal according to the Supreme Court.

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Definitions:

Discovery

The process by which parties to a civil suit search for information relevant to the case.

FICA

The Federal Insurance Contributions Act, a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare.

Monthly Wage Base

The total amount of money earned by an employee in a month before deductions.

Collective Bargaining Agreement

A contract negotiated by an employer and a labor union that covers all issues related to employment.