BL 3 Midterm

it is a federal statute prohibiting combinations and contracts in restraint of interstate trade, now generally inapplicable to labor union activitysection 1- applies to agreements, conduct, or conspiracies to restrain trade which consists of price fixing, tying, and monopolizingsection 2- prohibits monopolizing or attempting to monopolize by companies or individuals

a federal law that prohibits price discrimination

The act of competing with another not to make a profit but for the sole purpose of driving that other out of business.

any area of business to advance the nation's national economic need

these laws step in when competitors create barriers to market entry or collude on prices or production in order to control prices. the goal is to be sure firms are gaining customers due to better products not because of the manipulation of the market or prices.

it is controlled by both statutes and administrative agencies and regulations

the exclusive possession or control of the supply of or trade in a commodity or service

A test of ideological purity used by recent presidents in selecting and senators in confirming judges to nominate to federal courts.

the anti competitive practice of requiring buyers to purchase one product in order to get another

government body charged with administering and implementing legislation

Ex: Securities Exchange Commission (SEC), Consumer Product Safety Commission (CPSC), Food and Drug Administration (FDA)

regulations requiring transparency and disclosure in government or business. Make meeting, record, votes, deliberations, and other official actions available for public observation, participation, and/or inspection

legislative, executive, judicial

regulate

admin hearings have the right to due process. The parties are given a notice of the hearing and hold the hearing when everyone is present. there is no right to jury but there is a right to an administrative law judge (ALJ) that will make the decision. It is more open allowing for discussion

- the agency must have jurisdiction- no jury- ALJ instead of judge- open discussion- no warrant for evidence

after an agency puts forth the proposed rules, the public has the opportunity to respond and provide input. This period lasts for 30 days

when the parties are involved in an administrative agency action that cannot obtain judicial review until the agency has made its final findings or decisions in the case

misdemeanor- criminal offense with sentence of less than 1 yearfelony- more than a year in prison or by death and expressly stated by statute to be a felony

a corporation is held responsible for the actions of their employees. a company owner is liable for financial issues, professional liability (legal obligations), premises liability (responsible for all people on company property, employees, and guests) and workplace safety

common law and statutory

financially motivated, nonviolent crime committed by businesses and government professionalsEx: fraud, embezzlement, money laundering

Snyder v Phelps

set precedent, Chief John Roberts, 9 Justices

legislature- make laws (House of Representatives and Senate)

executive- carries out laws

judicial- interprets laws

Tennessee Valley v Hill, 437 US 153 (1978)

plaintiff v defendant, volume #, US Reporter, first page number, pinpoint, court, year of decision