Practice question
Competing manufacturers agree to cap output. The issue is classification under Section 14(b), rather than bid manipulation or price fixing. What must the statutory analysis address?
- Whether the factories use identical paint
- Whether every shareholder approves the agreement
- Only whether the agreement is written
- Whether the output restraint has the object or effect of substantially preventing, restricting or lessening competition
- Only whether one participant is foreign-owned
Legal references
- RA 10667, Section 14(b)(1): https://lawphil.net/statutes/repacts/ra2015/ra_10667_2015.html
Answer this question in flashcards to review your response and continue practicing.