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Sunday, 15 November 2009

What means by Commercial Law?

The beginning antitrust law came from The Sherman Antitrust Law Act(1890) and The Clayton Antitrust Act(1914). Now,modern law Commercial Law or at United State called it Antitrust Law created by State and Federal Laws to prevent monopolies.

3 Elements stated in Antitrust Law:

  • prohibiting agreements or practices that restrict free trading and competition between business entities. This includes in particular the repression of cartels (is an agreement among competing firms).
  • banning abusive behavior by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position. Practices controlled in this way may include predatory pricing (selling P/S at low price and intending to competitors out of the market), price gouging (seller pricing much higher than is considered reasonable @ fair), refusal to deal, and many others.
  • supervising the mergers & acquisitions of large corporations, including some joint ventures. Transactions that are considered to threaten the competitive process can be prohibited altogether, or approved subject to "remedies" such as an obligation to divest part of the merged business or to offer licenses or access to facilities to enable other businesses to continue competing.

Dude,thanks
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