Several art distributors have met and agreed to limit the number of Hummel figurines being imported into the United States. Is there any anticompetitive behavior involved in doing this?
Yes, by limiting quantity, they can keep prices artificially high. W. Goebel Porzellanfabrik v. Action Industries, 1984 trade cases, 66,287.
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Strict liability applies to services but not products
Indicate whether the statement is true or false
If assets are $110,000 and liabilities are $37,500, then equity equals:
A. $72,500. B. $37,500. C. $257,500. D. $147,500. E. $110,000.
John and Megan are at a crowded theater. In the press of people exiting the theater, John accidentally steps on Megan's big toe and breaks it. Megan can sue John for the tort of battery
a. True b. False Indicate whether the statement is true or false
A transaction that decreases a liability and increases an asset must also affect one or more other accounts.
Answer the following statement true (T) or false (F)