Under the Clayton Act and Its Amendments,which of the Following

question 104

Multiple Choice

Under the Clayton Act and its amendments,which of the following activities is illegal if it creates monopoly?
i.contracts that require other goods to be bought from the same firm
ii.contracts that prevent a buyer from reselling a product outside a specified area
iii.becoming a director of a competing firm

• A) i only
• B) ii only
• C) ii and iii
• D) i and iii
• E) i, ii, and iii

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Definitions:

Option

A separate contract in which an offeror agrees not to revoke her offer for a stated period of time in exchange for some valuable consideration.

Reasonable Time

A period that is fair and appropriate given the circumstances, often used in contracts to define a period for the performance of an obligation.

Subjective Approach

A perspective or method that relies on personal opinions, interpretations, feelings, or tastes, rather than objective or external facts.

Contract Determination

The process of establishing the terms of a contract, including its obligations, benefits, and conditions, often through negotiation.