Business Marketing and Products: Ads and Product Safety &&&& Business Competition: Antitrust Law
Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.
Also, provide a graduate-level response to each of the following questions:
- What type of defects most commonly around found in products liability actions? Analyze what is required for each type of defect, providing examples of each.
- Does the United States allow for joint ventures in international markets that would not be permitted under anti-trust laws in the United States? Why or why not? Should this be changed?
Week11: Short Essay
Question I – Bono is a musician. He sells his neighbor a gently used lawn mower at a deeply discounted price. The neighbor is dissatisfied with the performance of the lawn mower. Can the neighbor sue Bono under the UCC §2-314, the implied warranty of merchantability? Why or why not?
Question II – If cigarette companies want to work with one another for a common interest, what is one example that would allow the cigarette companies to do so without violating the Sherman Act? What source of law protects the cigarette companies’ actions?