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Protecting the process of competition for the benefit

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Reference no: EM132219357

1. Consumers make up the ________ economic group.

a- largest b- most voacl c- least powerful d- smallest

2. Jeff and Sarah are buying a house. Which legislation will give them certain protections?

a- the clayton act b- fair debt collection practices act c- the sherman act d- fair credit collection act

3. Protecting the process of competition for the benefit of consumers is the basic objective of ________.

a- consumer protection laws b- the sheman act

c- the clayton act d- antitrust laws

4. If Nick and Raphael form a partnership that restrains trade, but not unreasonably so, would this be legal under the Sherman Act?

a- yes the partnetship is legal b- no itsilleagal c- maybe d- the sherman act doesnt deal with unreasonable trade

5. A product manufacturer can be held liable in a defective product lawsuit under ________.

a- constitutional amendment b-negligence and limited liability

c-negligence and strict liability d-bill of rights

6. Finding of fault is not required to prove ________.

a- manufacturing defect b-strict liability c-design defect d-failure to warn

7. Payment for damaged property and/or mental suffering are usually considered ________.

a- tort law b- warranty law c- punitive law d-compansetory damages

8. Ideas can be protected by ________.

a-liability agreements b-intellectual property law c-licenses d-legal documents

Reference no: EM132219357

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