NBE Funeral Service Director

Category - Arts - Regulatory Compliance

Under which of the following Federal laws are prohibitions placed on a business’s ability to inhibit the trade of another business?
  1. Glass-Steagall Act
  2. Sherman Act
  3. Gramm-Leach-Bliley Act
  4. Americans with Disabilities Act
Explanation
Answer: B - The Sherman Act prohibits limits on trade imposed by one business over another.

The Sherman Antitrust Act of 1890 is the federal law that prohibits the restraint of trade of one business over another. The law was passed as the first of a series of federal laws designed to promote open competition, free and fair trade and prevent the concentration of wealth or control of commerce amongst a handful of companies. Glass-Steagall separated commercial and investment banking activities in the wake of the October 1929 stock market crash while Gramm-Leach-Bliley, passed in 1999, restored some of the pre Glass-Steagall conditions. The Americans with Disabilities Act requires reasonable accommodations be made available for persons with disabilities.
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