The _____ _____ Prohibits Monopoly or Conspiracy in Restraint of Trade

question 261

Multiple Choice

The _____ _____ prohibits monopoly or conspiracy in restraint of trade.

• A) Sherman Act
• B) Clayton Act
• C) Robinson-Patman Act
• D) Antimerger Act
• E) Magnuson-Moss Act

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Definitions:

Merchantability

A warranty that goods sold will be of average quality, fit for the general purpose for which they are sold.

Implied Warranty

A legal term for assurances that are not explicitly stated but are assumed in the sale of goods or services, ensuring certain minimum standards.

Merchantability

A warranty that goods sold will be of satisfactory quality and fit for the purpose for which they are sold.

Warranty of Merchantability

A guarantee implied by law that a product sold will meet certain quality and performance standards.