If an Action Is Determined to Be Illegal Per Se

question 9

True/False

If an action is determined to be illegal per se, the courts are not required to apply the rule of reason to analyze the case further.

---

Definitions:

Verbal Agreement

An agreement made through spoken words and not formally recorded in writing, yet is legally binding.

Specific Performance

A legal remedy where a court requires a party to fulfill their obligations under a contract, rather than providing a financial compensation.

Guarantee Agreement

A legal contract in which one party agrees to be responsible for another's financial obligations or performance under a contract if the latter fails to meet their obligations.

Loan Agreement

A contract between a borrower and lender, specifying the loan's terms, repayment schedule, and interest rate.