Unit 1 Week 1:
An antitrust law that was the first United States Federal statute to limit cartels and monopolies that was signed July 2, 1980 is called Sherman Antitrust Act. This act allows the US federal government to take the legal action against firms in the formation of trusts as a means of dissolution (Sherman, 2013). Therefore, Goliath and Junior are not correct. The relationships that exists which restrain trade and commerce are strictly forbidden and deemed illegal (Sherman, 2013). Since Goliath is the owner, he is liable for Juniors’ infractions. Junior, Ltd is a business under Goliath which is an American founded company that company is subject to the law.
They have many other ...view middle of the document...
Retrieved 29 August 2013 from http://www.law.cornell.edu/wex/antitrust.
Sherman Anti-Trust Act of 1890. Retrieved 28 August 2013 from SHRM: http://www.shrm.org/LegalIssues/FederalResources/FederalStatutesRegulationsandGuidanc/Pages/ShermanAnti-TrustActof1890.aspx.
Unit 1 Week 2:
Having combinations form as early as the Middle ages, a cartel according to free dictionary is "a combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members (2013)." A common arrangement that brings the organization together is to regulate prices, output, or dividing up markets. The common policies combine them; however the cartel members keep their separate identities and financial independence. Fixing process, allocation of sales quotas, production activities among members, and agreements of sale, discounts, and terms are the most common practices employed by cartels (Cartel, Encyclopaedia, 2013).
A common cartel portrayed in the news is the Mexican Drug cartel that are the number one drug supplier to the US and are moving more men deeper into the US. This Cartel is a threat to the US due to the organized crime they bring. They bring money, drugs, guns, and much more into the US. Once in the US they sell the drugs for more money, and use the drugs to kill people. They are also involved with money laundering, kidnapping, and prostitution (Mexican, 2013).
Cartel. Retrieved 8 September 2013 from Encyclopaedia Britannica: http://www.britannica.com/EBchecked/topic/97205/cartel.
Cartel. Retrieved 8 September 2013 from Free Dictionary: http://www.thefreedictionary.com/cartel.
Mexican drug cartels move deeper into United States to maximize profits. Retrieved 8 September 2013 from NY Daily News: http://www.nydailynews.com/news/crime/mexican-drug-cartels-move-deeper-u-s-article-1.1304401.
Unit 2 Week 1:
MBI delivered their military tanks to Country D with the faith that the country would pay for them, however the country is claiming they are defective, which has not stopped them from using them in battle. MBI sued the country in its courts only to have the breach of contract dismissed since their army is immune to suits in their courts. A judicial doctrine called sovereign immunity prevents the government from being sued without its consent. It stems from an English principle that is ancient that states the monarch can do no wrong (Sovereign Immunity, 2013). When the military of Country D entered the contract with MBI, a company who supplied the tanks from Country C, the army has no immunity in Country C and therefore can be brought up on charges in Country C.
It can be considered ethical for MBI to bring up charges against Country D in Country C’s courts since that is where the company’s branch is located. Since Country D is currently using the tanks provided on their front lines, the company has a right to expect payment. The legal aspects of bringing up charges in...