Wednesday, February 07, 2007

LAD #24- Clayton Anti-Trust Act

The first part of the act stated that it was illegal to discriminate to buyers and charge different prices to different people, because of their race. If this was discovered, the people who sold the item would have to revoke their discriminations. Workers could also not accept compensations or bribes from people. It became illegal to discriminate against one person when purchasing an item. It was also illegal to reduce the price knowingly, or to make personal sales. There could also be no disrimination in rebates or sales. These antitrust acts do not apply to labor unions. In conclusion, these acts made life better and more fair to consumers. It was also illegal to buy a stock with insider trading, in order to make a profit.

0 Comments:

Post a Comment

<< Home