Loma 311 Module 1 Exam Answers 100% Verified

Practices Prohibited by U.S. Antitrust Laws {Ans: Unfair Price Discrimination: seller agrees to sell goods to a buyer at a price lower than the price charged other buyers UNDER THE SAME CIRCUMSTANCES. IE: a seller CAN give a buyer a volume discount. Tying Arrangements: an illegal arrangement under which a business will sell one product to a purchaser only if the purchaser also buys a second, different product from the firm. Boycotts: competitors agree not to do biz with another biz. these companies use coercion and intimidation to force others to join the boycott.}burden of proof {Ans: In general, the party who alleges a fact as being true is the party who bears the burden of proving that the fact is true. This rule determines the burden of proof, a term with two meanings. First, burden of proof means the duty to present evidence to prove a given fact or set of facts. Second, burden of proof means the duty to persuade the trier of fact that an alleged fact is true.}U.S. Code {Ans: All of the federal statutes have been compiled as this}Declaratory Judgment {Ans: A judicial statement that declares or denies the parties' legal