Under the U

question 74

Multiple Choice

Under the U.S.antitrust law,a consent decree allows a firm to _____

• A)admit to an antitrust violation without penalty.
• B)admit to an antitrust violation without a lawsuit.
• C)challenge the government's accusation in court.
• D)cease the alleged wrongdoing without admitting guilt.
• E)cease the alleged wrongdoing after admitting guilt.

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Definitions:

Statutory Assignment

refers to the legal transfer of rights from one party to another, based on statutory laws rather than contractual agreement.

Equitable Assignment

The transfer of future rights to benefits in a contract to another party, recognized by equity courts.

Novation

The process of replacing an existing obligation with a new one, effectively transferring the rights and duties to another party.

Breach of Contract

The act of not executing any part of a contract, either written or oral, lacking a legitimate legal rationale.