Thursday, February 4, 2010

LAD # 27

This act followed the Sherman Antitrust act in order to leash and stop big business from disrupting commerce. It set down a list of rules to help limit cooperate power such as stopping price discrimination. A big one was the acceptance, or lack there of, of commissions. So creating deals with companies and then offering discounts was now officially against the law. It continues with how the company cannot give away goods to one customer unless it is willing to do so to all its customers. The last big one is that no persons or person can get the stock of multiple companies because this tends to create monopolies. Also these rules are not applicable to labor unions.

No comments:

Post a Comment