Asked by

Kshitij Aggarwal
on Nov 23, 2024

verifed

Verified

The Competition Act is a statute that

A) affects certain kinds of contracts and that, in part, is criminal law.
B) renders illegal any contract or agreement between business firms that represent a constraint of competition.
C) covers a number of business practices that are contrary to the public interest.
D) attempts to provide a balance between freedom of trade and the protection of the consumer.
E) All of these statements are true.

Competition Act

Legislation aimed at preventing anti-competitive practices in the marketplace, ensuring fair competition, and protecting consumers from unfair business practices.

Criminal Law

The body of law dealing with crimes and their punishment, involving acts that are harmful or potentially harmful to public welfare.

Public Interest

A common concern among citizens in the management and affairs of local, state, and national government that warrants recognition and protection.

  • Acknowledge the implications of restrictive covenants and competition laws on business practices.
verifed

Verified Answer

NV
Niken VadhaniNov 25, 2024
Final Answer:
Get Full Answer