Hamilton Plastics Company Requires Anyone Who Wants to Use Its

question 78

True/False

Hamilton Plastics Company requires anyone who wants to use its product to purchase only from it.This contractual arrangement is called an exclusive dealership and if it lessens competition it is illegal under the Competition Act.

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Definitions:

P2P

Short for peer-to-peer, a decentralized communications model in which each party has the same capabilities and either party can initiate a communication session.

Service Companies

Businesses that provide intangible products, such as expertise, experience, and activities, to consumers or other businesses in exchange for payment.

Venmo

A mobile payment service that allows users to transfer money to one another, typically using a mobile phone app.

PayPal

An online payment platform that enables users to make financial transactions and payments over the internet easily and securely.