Trade restraints that are inherently anticompetitive

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Reference no: EM132138852

1. Ken owns a small convenience store in a street corner in California. One afternoon, a teenage boy enters his store, looks around, and prepares to walk out without buying anything. Ken is wary of the boy because of the boy’s shabby clothing. He stops and asks the boy to empty his pockets and then questions him for about five minutes. After finding that the boy does not have anything from the store on him, Ken reluctantly lets him go. Which of the following is a merchant protection statute that Ken has violated?

Adverse possession

Adequate assurance of performance

Reasonable duration of detention

Reasonable grounds for suspicion

2. When can an arbitrator’s decision and award be appealed to the courts?

When an arbitration is binding

When an arbitration is nonbinding

While drafting a submission agreement

While entering a negotiation

3. Which of the following applies to trade restraints that are inherently anticompetitive?

The rule of four

The rule of reason

The pro rata rule

The per se rule

Reference no: EM132138852

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