and Consumer Fraud and Abuse Act Sales * Unsolicited merchandise in mail * 3-day rule – 3 day cooling off period * You have 3 days to get your money from a door salesman back after you buy an item * A. Truth in lending: disclosure law. Finance charge and * B. Equal Credit Opportunity Act * Marital Status is now a protected group you can discriminate against in the extension of credit Credit Protection * Use of credit cards: an abundance of caution * Payment credited
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18. May 2012 Final Journal Topic: Monopoly and Antitrust The market power of either buyers or sellers, harms buyers who may have the opportunity to buy at competitive prices. It also reduces the production, which causes a deadweight loss. Excessive market power also raises issues of equity and justice, because if a company has too much monopoly power, it makes profit at the expense of consumers. A monopoly is a situation in which there is a single supplier or seller
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1. Discuss the basic principles of contract law. What are the characteristics of a valid contract? How are contracts terminated? What are the legal consequences of terminating a contract? How is contract law, as an example of “private law regulation of business,” different in its operation from the public law regulation of business which we discussed for most of the semester? The law presiding over contracts is state law which is comprised of common law and judge-made rules. All the states except
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Antitrust law is a complex area of federal and state statutory law, the primary purpose of which is to prevent businesses from creating unjust monopolies or competing unfairly in the marketplace. Antitrust law seeks to maximize market efficiency and to protect consumers. Antitrust law prohibits some actions between businesses at different levels of the market. Agreements or actions between businesses and customers, between manufacturers and distributors, or between distributors and retailers. An
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I have chosen to write on antitrust laws. Antitrust laws enable a free market to thrive and flourish without the fear of monopolization. Monopolization in itself isn’t a bad thing. There are naturally occurring monopolies like public utilities and when a firm is the only producer of a particular good or service. This single firm or company because the scale of economies is so large that they can supply the entire market at a lower cost than any other competing firm could. Monopolies become a problem
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Assignment: Assignment one - essay Due Date: 20 August 2010 0 Introduction The following report goes into detail about the governments involved in a market economy, the government influences four main areas in the economy which are; enforcing antitrust laws, preserving property rights, providing a stable fiscal and monetary environment and preserving political stability. Also the report will cover why there can never be a truly ‘free market’ economy, where there is absolutely no government intervention
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government put together the antitrust laws as a way to make businesses compete fairly. These laws prevent monopolies, fixed pricing, they regulate trade and commerce and promote ethical production of products and services, at reasonable price points. The four major pieces of legislation that make up the antitrust laws are? The Sherman Antitrust Act, The Clayton Antitrust Act, the Celler-Kefauver Act of 1950, and the Federal Trade commission act. The Sherman Antitrust Act focuses on restraint and
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Regulation and Law Business is something that is done day after day all over the country. It doesn’t matter if it’s someone buying a cup of coffee or an individual buying a new car, business should be fair for anyone and everyone. In order for business to be fair, the antitrust laws were made. Antitrust laws are the efforts to make businesses compete fair for everyone who is involved no matter what the business may be by the federal government. Antitrust laws help regulate trade and business by
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other worker protection laws, with a specific attention to the Family and Medical Leave Act. This week also covers the collective bargaining agreements and labor law, as well as several laws and decisions a company must make regarding these labor law issues. In addition, you examine equal opportunity in employment and Title VII, including what comprises this significant law. You review regulatory laws, environmental protection and global warning, as well as antitrust laws and unfair trade practices
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selected for purpose of current paper is Citizens National Bank, and this organization has been planning to moves forward with some financial initiatives related to a possibility that this organization might have certain, sales, licensing and e-commerce laws applicable on it. In the current paper, discussion shall be made regarding all things mentioned in the above. Organization Selected On the case of the organization selected, Citizens National Bank, the bank was established back on 1910 and had
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