The Decision in the U.S. Steel Case

question 36

Multiple Choice

The decision in the U.S. Steel case

• A) reflected a behavioralist approach to antitrust.
• B) reflected a structuralist approach to antitrust.
• C) divided U.S. Steel into a number of smaller companies.
• D) ruled that U.S. Steel had engaged in illegal price-fixing.

Comprehend the priority and relevance of course of dealing, usage of trade, express terms, and course of performance in contract interpretation.

Analyze how integrated contracts limit the admissibility of external evidence.

Identify situations where the Uniform Electronic Transactions Act (UETA) and Electronic Signatures in Global and National Commerce Act (E-Sign) apply.

Explain exceptions to the enforcement of oral contracts under the statute of frauds.

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Definitions:

Cultures

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

National Borders

Geographical boundaries that separate different countries and define the territorial jurisdiction of each nation.

Adapt

To modify oneself or one's behavior to better suit a new or changing environment or situation.

Negotiator

is an individual engaged in discussion with the aim of reaching an agreement or resolving a dispute between two or more parties.