1/ After a Chapter 11 bankruptcy proceeding, the debtor’s debts are forgiven. Tr

Question

1/ After a Chapter 11 bankruptcy proceeding, the debtor’s debts are forgiven. True/False

2/It is per se illegal under the Sherman Antitrust Act for a manufacturer to set a maximum sales price, but not a minimum sales price. True/False

3/The distinction between horizontal and vertical restraints often determines whether a restraint is illegal per se or should be judged by the Rule of Reason test. True/False

4/The Rule of Reason test requires the courts to balance the anti-competitive effects of behavior in restraint of trade with its positive effects on competition.      True/False

5/Regulation of private insurance is the responsibility of the individual states. True/False

Explanation / Answer

Answer-1 False. The debts are not forgiven but reorganised.

Answer-2 False. Actually it is ammaterial as per law.

Answer-3 True

Answer-4 False

Answer-5 True

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