Case s ummary :Company ICANN is a non-profit organization that is involved in internet business. The most important function of ICANN is authorizing the registry for top-level domains (TLDs). An agreement was signed between ICANN and company VS that authorized company VS to serve as a registrar for the ‘.com’ as per ICANN’s specification and guidelines. Company VS although not being satisfied with the terms of the agreement signed the agreement. VS accused ICANN of violating Section 1 of the Sherman Act as ICANN restricted various services it can be made available as a registrar.
To f ind: The impact of the appointment of the board of directors by a group that has a commercial interest.
Trending nowThis is a popular solution!
Chapter 27 Solutions
EBK THE LEGAL ENVIRONMENT OF BUSINESS:
- The Federal Trade Commission (FTC) files suit against Yange Corp. under § 2 of the Sherman Act. To be successful, the FTC must prove that Yange Corp. possesses monopoly power in the relevant market and that the monopoly power was obtained by illegal means. The FTC has no direct evidence that Yange is using its power to control prices and restrict output. The FTC, therefore, must show that Yange Corp. has monopoly power indirectly, by showing that Yange Corp. has a dominant share of the relevant market and that there are significant barriers for new competitors entering that market. The FTC can calculate the market share that Yange Corp. has by: showing the total sales that Yange Corp. has ever had. × showing the net revenue that Yange Corp. had during their year of highest profits. looking at the company's sales compared against the total sales of the industry within a specific period. taking the total sales of the industry over one year, and comparing against industry sales over prior…arrow_forwardYour former accounting professor recently contacted you because she knows that you currently work for an accounting firm that performs compilation services for several privately held mining companies. The professor requested data concerning whether your firm’s clients capitalize or expense certain environmental clean-up costs. Your clients discuss their accounting policies openly with you, but do not disclose these policies to outsiders. Your professor has agreed in writing to keep your clients’ accounting policies confidential. Because the professor is a member of the AICPA, and she will not achieve any financial gain, you may disclose the requested information to the professor. Select one: True Falsearrow_forwardCongratulations on your appointment as the Legal and Regulatory Compliance Officer for Intercorp Ltd, a provincially regulated corporation with head offices in Toronto, Ontario. As you settle into your new office, your assistant tells you that there are is a problematic file on your desk that you might want to look through sooner rather than later. Your CEO has asked you for a memo outlining any legal issues this file contains, together with your recommendations for how to proceed. You discover that Intercorp has some issues with special metal tubing that it had shipped by air carrier from England to their Ontario warehouse. It has been reported that there was significant turbulence during the transport of the goods in the air. Intercorp had ordered ten (10) tubes at $50,000 per tube, packed in 5 containers - 2 tubes to a container. Each tube weighed 10,000 kg. They arrived 30 days ago at the air cargo terminal; from there they were loaded onto a rail car. Unfortunately, due to a…arrow_forward
- Suture Express was a new upstart specializing in the medical supply network by selling only sutures. Owens & Minor was a medical supply distributor that carried all types of medical supplies, including sutures. Owens & Minor began bundling provisions that required its customers to pay a premium for all medical products unless the customer agreed to purchase its sutures. Suture Express brought suit alleging a loss to Owens & Minor through anticompetitive practices. Is this a tying situation that violates federal antitrust laws? Why or why not?arrow_forwardand in some instances, located in remote areas. Due to their remote locations and small staffs, some offices do not have a compliance officer, and brokers working in these offices have sometimes had to take on the responsibility of hiring the branch manager. Some brokers work out of their homes and use their own personal e-mail to contact clients. Some branches only keep records in electronic form for six years. Which of the following is not a breach of the Code regarding Eagle Asset Managers? 1. Having the brokers in a remote office hire the branch manager. 2. Keeping records in electronic form for six years. 3. Communicating with clients via personal e-mail. 4. Not having a compliance officer. (Ctrl)arrow_forwardThe following are sources of legality drafted by the Malaysian government, except A.Federal Constitution B. Akta Acara Kewangan 1957(Pindaan 1972) / Events Act 1957 (Amendment 1972) C. Audit Act 1957 (Amendment 1972) D. Local Treasury Bills Actarrow_forward
- Accompanying the release of every Disney movie was an avalanche of commercials by McDonalds promoting characters from the movie in its “Happy Meals.” The two companies had entered into a strategic marketing partnership in 1996 for 10 years that was valued at $10 billion. The two companies agreed to promote Disney movies using a marketing campaign featuring television and radio spots and in-store giveaways. Both companies benefitted from this arrangement. Disney got to create awareness for its movies and McDonalds used recognizable characters to draw customers (particularly kids) to their restaurants. Clarify What McDonalds and Disney had as a strategic cooperation. Explain why would firms enter into this kind of strategic cooperation? Describe how it Can Create Value for Firmsarrow_forward38) A franchise agreement is a contract between an entrepreneur, the -- and a parent company, the in which the entrepreneur agrees to pay the parent company for use of its trademarks, products, formulas and business practices. franchisee/franchiser borrower/lender investor/investee franchiser/franchiseearrow_forwardThe Securities and Exchange Commission today charged Ernst & Young LLP (EY) forcheating by its audit professionals on exams required to obtain and maintain CertifiedPublic Accountant (CPA) licenses, and for withholding evidence of this misconductfrom the SEC’s Enforcement Division during the Division’s investigation of the matter.EY admits the facts underlying the SEC’s charges and agrees to pay a $100 millionpenalty and undertake extensive remedial measures to fix the firm’s ethical issues.“This action involves breaches of trust by gatekeepers within the gatekeeper entrustedto audit many of our Nation’s public companies. It’s simply outrageous that the veryprofessionals responsible for catching cheating by clients cheated on ethics exams ofall things,” said Gurbir S. Grewal, Director of the SEC’s Enforcement Division. “Andit’s equally shocking that Ernst & Young hindered our investigation of this misconduct. This action should serve as a clear message that the SEC will not…arrow_forward
- What was the purpose of the Brokerage Relationship Disclosure Act? to mandate the relationship of cooperating brokers in real estate transactions to ensure the public is made aware of the relationships between brokers and the sales associates they sponsor to educate buyers and sellers regarding their choices of authorized brokerage relationships and representation in real estate transactions to disclose standard commissions and fees for each of the authorized brokerage relationshipsarrow_forwardThe Robinson-Patman act a.) Is a part of the antitrust laws O b.) Makes it illegal to give a price discount on a good sold to another business c.) Makes it illegal to give a price discount on a good sold to final customers d.) Both a & barrow_forwardLowe’s Companies, Inc. is a business supply and home improvement retailer incorporated in Mooresville, North Carolina. If Lowe’s Companies, Inc. opens a store in any state in the United States other than North Carolina, it will be considered which of the following in that state? A. A domestic corporation B. A closed corporation C. An alien corporation D. A foreign corporationarrow_forward
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education