Several manufacturers of ball bearings that are located in countries in the EU operated under a mutual agreement to raise prices in tandem. Their product, they say, is critical in auto production, and shoddy workmanship puts everyone at risk. The pricing agreements were entered into solely for the purpose of keeping cars safe. Which of the following is correct?
A) ?Price-fixing for a good
cause is still price-fixing.
B) ?Price-fixing for purposes of safety vs. profits is permitted under the Sherman Act.
C) ?The ball bearing manufacturers are not really competitors and their price-fixing agreement is permitted under the Sherman Act.
D) ?This is resale price maintenance and not price fixing.
A
You might also like to view...
Keep accurate records of work-related injuries or illnesses
A. Request an inspection B. Tell the truth if interviewed by an OSHA inspector C. Follow employer safety and health rules D. Keep the workplace free from hazards E. Report job-related injuries or illnesses to supervisors
Which of the following statements is true about venue of the trial?
A) The venue of the trial court determines which court system has jurisdiction over the case. B) The defendant's right to have the venue changed is called right of removal. C) The doctrine of forum non conveniens grants the plaintiff the right to irreversibly fix the venue. D) The request for change of venue is granted at the judge's discretion.
Someone who might have benefited from a contract between two others but has no right to enforce that agreement is
a. a donee beneficiary. b. an incidental beneficiary. c. a creditor beneficiary. d. contractual beneficiary.
Tim, who is a minor, enters into a contract with Violet, who is an adult. Which of the following is correct?
a. Violet may not disaffirm the contract. b. Violet may disaffirm the contract at any time. c. Violet may disaffirm the contract when Tim becomes an adult. d. Tim may ratify the contract at any time during his minority.