Answer:
B) express contract
Explanation:
A contract exist when there is an OFFER and ACCEPTANCE. Marketing Inc made an offer, while N'Ice Creamery made an acceptance. This is an agreement with clear terms of service and payment, their discussion is binding because they have stated their conditions. Payment will be made once service is done.
Answer:
Forbid combinations in restraint of trade and monopolizing.
Explanation:
The Sherman Antitrust Act of 1890 is mainly aimed at preventing anti competitive agreements and unilateral conduct by a group of businesses aligning with one another. Such alignment results in restraint of trade and monopoly.
This Act enables the Department of Justice to bring charges against violators of antitrust laws and they may face as much as treble damages (three times of the damage caused to other parties).
Artificial raising of price and restriction of supply of products or trade are prohibited under this Act.
Number 1 is B
number 2 is C
Answer:C. will help to create a more successful market system.
Explanation: Intellectual properties are creations of the mind,they are works of people's creative mindset. Intellectual properties can be protected through any of the four different classes of rights
(1) Copyright,(2) patents (3) trademarks (4) trade secrets.
Copyright is the exclusive right give to the creator or the originator of an intellectual property for him or her to continue to recreate for a specific period of time, it is renewable.
Patent is a right or authority given by Government to the creator of an intellectual property to prevent others from recreating the same invention over a period of time.
Trademarks are a type of intellectual property rights which represented by some signs signifying that it is produced under authority.
Trade secrets are certain undisclosed facts or procedures concerning the creation of a given invention,they are recognised by Government.
PUTTING STRICTER LAWS TO PROTECT INTELLECTUAL PROPERTIES RIGHTS will help to CUT DOWN THEFT, CORRUPTION AND HELP TO MAKE THE MARKET STRONGER AND BETTER.
