Question 1

The abbreviated rule of reason analysis applies to restraints:

Accepted Answer

A)  in which the overall reasonableness cannot be ascertained without a thorough examination of their pernicious and beneficial effects in the relevant markets. 
B)  that have an obvious adverse impact on competition, but whose overall reasonableness cannot be immediately ascertained. 
C)  that require thorough inquiry into the anticompetitive effects because the effects are not obvious. 
D)  that deserve a per se treatment because of their obvious unreasonableness. 
A)  in which the overall reasonableness cannot be ascertained without a thorough examination of their pernicious and beneficial effects in the relevant markets. 
B)  that have an obvious adverse impact on competition, but whose overall reasonableness cannot be immediately ascertained. 
C)  that require thorough inquiry into the anticompetitive effects because the effects are not obvious. 
D)  that deserve a per se treatment because of their obvious unreasonableness.

Question 2

Silverlight Inc., a cell phone store, agrees to sell cell phones and related accessories manufactured only by Moore Corp. This is an example of a(n) _____.

Accepted Answer

A)  requirements contract 
B)  exclusive dealing contract 
C)  tie-in contract 
D)  adhesion contract 
A)  requirements contract 
B)  exclusive dealing contract 
C)  tie-in contract 
D)  adhesion contract

Question 3

If one automobile firm merges with another automobile firm, it is called a _____ merger.

Accepted Answer

A)  push down 
B)  vertical 
C)  conglomerate 
D)  horizontal 
A)  push down 
B)  vertical 
C)  conglomerate 
D)  horizontal

Question 4

Any behavior that has not been classified as a per se violation of Section 1 of the Sherman Act is judged under a strict liability analysis.

Accepted Answer

A) True 
 B)False

Question 5

Describe the Hart-Scott-Rodino Antitrust Improvements Act.

Accepted Answer

Proposed mergers or acquisitions affecti

Question 6

Private plaintiffs who seek to recover treble damages under the Sherman Act need not convince the court that they have standing to sue.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is true of a consignment agreement?

Accepted Answer

A)  If a manufacturer delivers all goods to its dealers on a consignment basis, the goods become the property of the dealer. 
B)  The owner of goods delivers them to another who is to act as the owner's agent in selling the goods. 
C)  If a manufacturer delivers all goods to its dealers on a consignment basis, the dealer cannot lawfully fix the price of those goods. 
D)  It is always held to be joint action. 
A)  If a manufacturer delivers all goods to its dealers on a consignment basis, the goods become the property of the dealer. 
B)  The owner of goods delivers them to another who is to act as the owner's agent in selling the goods. 
C)  If a manufacturer delivers all goods to its dealers on a consignment basis, the dealer cannot lawfully fix the price of those goods. 
D)  It is always held to be joint action.

Question 8

If a distributor persuades a manufacturer to refuse to deal with a rival distributor, the two parties:

Accepted Answer

A)  have committed a per se violation of Section 1 of the Sherman Act. 
B)  do not violate Section 1 of the Sherman Act since this is a unilateral action. 
C)  are conspiring to form a monopoly, thus directly violating Section 2 of the Sherman Act. 
D)  are attempting vertical price-fixing. 
A)  have committed a per se violation of Section 1 of the Sherman Act. 
B)  do not violate Section 1 of the Sherman Act since this is a unilateral action. 
C)  are conspiring to form a monopoly, thus directly violating Section 2 of the Sherman Act. 
D)  are attempting vertical price-fixing.

Question 9

Licensing arrangements:

Accepted Answer

A)  are per se violations of U.S. antitrust laws. 
B)  should undergo rule of reason analysis. 
C)  should be subject to strict scrutiny analysis. 
D)  are unlikely to raise antitrust issues. 
A)  are per se violations of U.S. antitrust laws. 
B)  should undergo rule of reason analysis. 
C)  should be subject to strict scrutiny analysis. 
D)  are unlikely to raise antitrust issues.

Question 10

The functional interchangeability test helps to determine if:

Accepted Answer

A)  a firm controls a very high percentage share of the relevant market. 
B)  the defendant had an anticompetitive intent. 
C)  there has been joint action. 
D)  the plaintiff has standing to bring an antitrust suit. 
A)  a firm controls a very high percentage share of the relevant market. 
B)  the defendant had an anticompetitive intent. 
C)  there has been joint action. 
D)  the plaintiff has standing to bring an antitrust suit.

Exam 45: The Antitrust Laws

The abbreviated rule of reason analysis applies to restraints:

Silverlight Inc., a cell phone store, agrees to sell cell phones and related accessories manufactured only by Moore Corp. This is an example of a(n) _____.

If one automobile firm merges with another automobile firm, it is called a _____ merger.

Any behavior that has not been classified as a per se violation of Section 1 of the Sherman Act is judged under a strict liability analysis.

Describe the Hart-Scott-Rodino Antitrust Improvements Act.

Private plaintiffs who seek to recover treble damages under the Sherman Act need not convince the court that they have standing to sue.

Which of the following is true of a consignment agreement?

If a distributor persuades a manufacturer to refuse to deal with a rival distributor, the two parties:

Licensing arrangements:

The functional interchangeability test helps to determine if:

Law, Legal Reasoning, and the Legal Profession

Dispute Settlement

Business Ethics and Corporate Social Responsibility

Business and the Constitution

Crimes

Intentional Torts

Negligence and Strict Liability

Licensing and Intellectual Property

The Nature and Origins of Contracts

Creating a Contract: Offers

Creating a Contract: Acceptances

Consideration

Capacity to Contract

Voluntary Consent

Illegality

The Form and Meaning of Contracts

Third Parties Contract Rights

Performance and Remedies

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

The Agency Relationship-Creation, Duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws

Which Form of Business Organization

Partnerships

Formation and Termination of Corporations

Management of the Corporate Business

Financing the Corporation and the Role of the Shareholders

Securities Regulation

Legal Liability of Accountants

Personal Property and Bailments

Real Property

Landlord and Tenant

Estates and Trusts

Insurance

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers

Introduction to Security

Security Interests in Personal Property

Bankruptcy

Consumer Protection Laws

Environmental Regulation

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