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Chapter 12 Assessment Answers
Matching Key Terms
1. d 6. e
True/False Quiz
11. F 17. F
12. T 18. T
Discussion Questions
22. If a contract is divisible, and if one or more parts have a legal purpose, then the components are
26. Laws meant to protect the environment can sometimes discourage businesses from expanding
27. Society theoretically benefits from the actions of governments’ granting monopolies because it
Thinking Critically About the Law
28. The primary motivation for laws against gambling is to protect the public. More specifically,
29. Licensing requirements protect the public by helping to ensure that individuals practicing
Case Questions
34a. N
35a. N
Case Analysis
36. Principle of law: Agreements containing usurious rates of interest are void.
37. Principle of law: The Robinson-Patman Act forbids pricing practices that have the effect of
38. Principle of law: An illegal contract, or an indivisible contract that contains an illegal
Legal Research
39. Students might provide examples that include the following: restraint of trade, private
40. Students might navigate to the following Web site for summary information about the Sherman
BONUS ACTIVITIES
Have students research articles or case studies on agreements that violate government statutes
As a class, discuss the advantages and disadvantages of monopoly power. Focus on the
