Question
Explain the salient features of competition act .
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 3 steps
Knowledge Booster
Similar questions
- In 1961, Ford Motor Company acquired Autolite, a manufacturer of spark plugs, in order to enter the profitable aftermarket for spark plugs sold as replacement parts. Ford and the other major automobile manufacturers had previously purchased original equipment spark plugs (those installed in new cars when they leave the factory) from independent producers such as Autolite and Champion, either at or below the producer’s cost. The independents were willing to sell original equipment plugs so cheaply because aftermarket mechanics often replace original equipment plugs with the same brand of spark plug. GM had already moved into the spark plug market by developing its own division. Ford decided to do so by means of a vertical merger under which it acquired Autolite. Prior to the Autolite acquisition, Ford bought 10 percent of the total spark plug output. The merger left Champion as the only major independent spark plug producer. Champion’s market share thereafter declined because Chrysler…arrow_forwardWiener Haus #82 has been underperforming for a few years. The franchisee (owner of Haus #82) is frustrated and files a claim against the franchisor for breach. The franchisee claims that the agreement he signed contained a statement at the start of the agreement detailing that the business model the franchisor developed was "proven effective and profitable." On these facts, does the franchisee have a winning breach of contract claim against the franchisor? O No, the contract formed was a voidable contract. Thus, the franchisor is void of responsibility if the business model does not produce profit for the franchisee. O Yes, the franchisee relied on these statements when deciding to contract and thus the franchisor should be responsible when the business model fails to work for the franchisee. O No, courts have generally held that the type of language relied upon by the franchisee is "prefatory" and does not create a duty on the part of the franchisor. O Yes, the money paid to the…arrow_forwardWhat elements determine firm performance? Explain.arrow_forward
- Discuss it in the term of... issues law application conclusionsarrow_forwardDescribe the specific board structure present in Direct Relief organization, including the benefits of its structure.arrow_forwardLizard Lick Corporation requires all distributors of its lizard salt lick products to sell the products at specified minimum prices. This resale price maintenance agreement is not subject to antitrust law as it deals with products for animal life and the antitrust laws were implemented to protect people only. a violation of the Clayton Act. a per se violation of the Sherman Act. subject to evaluation under the rule of reason. just plain wrong and illegal on for numerous reasons.arrow_forward
- discuss..What are the key provisions of the Competition Act that address monopolistic behavior?arrow_forwardExplain what Corporate Veil is, how it can be lifted and what are the situation, in common law corporate veil is lifted.arrow_forwarda) Identify at least three (3) benefits to real estate agency businesses of joiningeither a franchise organisation or a marketing grouparrow_forward
arrow_back_ios
arrow_forward_ios