Bess Runs Creditors Asset Recovery

question 40

Multiple Choice

Bess runs Creditors Asset Recovery.She recruits clients by misrepresenting the facts and pretending to be licensed in various occupations in Michigan.Bess's conduct most likely warrants

• A)an ethical admonishment but no other sanctions.
• B)an injunction plus other sanctions.
• C)no sanctions but no praise.
• D)praise for her aggression in recovering the assets of "deadbeat" debtors.

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Definitions:

National Cooperative Research Act

A U.S. federal law enacted in 1984 to promote innovation and competitiveness by offering certain antitrust protections to companies engaged in joint research and development efforts.

Rule of Reason

A legal doctrine that judges the legality of business practices based on their context and effect on competition, rather than deeming them illegal per se.

Joint Ventures

Collaborative agreements in which multiple parties decide to combine their assets to achieve a particular goal or project.

Leegin Creative Leather Products

A notable Supreme Court case that addressed the legality of price fixing and established guidelines for vertical price agreements.