The Celler-Kefauver Act of 1950

question 233

Multiple Choice

The Celler-Kefauver Act of 1950

• A) modified patent legislation by reducing the number of years over which a patent is applicable.
• B) prohibited any firm from acquiring the real assets of another firm where the effect was to lessen competition.
• C) declared all conglomerate mergers to be illegal.
• D) prohibited any firm from buying the stock of another firm where the effect was to lessen competition.

---

Definitions:

Substantial

Of considerable importance, size, or worth; significant enough to merit attention.

Assignee

is an individual or entity to whom rights or interests have been transferred by another party.

Timely Fashion

Completing tasks or obligations within a designated or reasonable time frame.

Statute of Frauds

A rule of law that mandates specific types of contracts must be documented and signed by the involved party to deter fraudulent activities and false testimonies.