Question

In: Operations Management

Insurance contracts are usually obtained through an agent, who works as an independent contractor. True/False? To...

  1. Insurance contracts are usually obtained through an agent, who works as an independent contractor. True/False?
  2. To deem an agreement a per se violation of antitrust law, a court must determine whether the agreement actually injures competition. True/False?

Solutions

Expert Solution

True. Insurance contracts are usually obtained through an agent, who ordinarily works for the insurance company, or through a broker, who is ordinarily an independent contractor.

False. As to deem an agreement a per se violation of the Sherman Act, a court must determine whether the agreement actually injures competition.


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