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Which of the following are possible penalties for violation of the Sherman Act? A Up to 100 million for corporations and individuals. B Up to 100 million for individuals. C Up to 100 millions for corporations. D None of these are correct.

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Which of the following are possible penalties for violation of the Sherman Act?
A Up to 100 million for corporations and individuals.
B Up to 100 million for individuals.
C Up to 100 millions for corporations.
D None of these are correct.

Which of the following are possible penalties for violation of the Sherman Act? A Up to 100 million for corporations and individuals. B Up to 100 million for individuals. C Up to 100 millions for corporations. D None of these are correct.

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DonovanMaster · Tutor for 5 years

Answer

A.

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The Sherman Antitrust Act of 1890 is a major legislation in the history of American antitrust law prohibiting business activities that obstruct competition and discriminatory monopolies, enacted by federal government of the United States. Violations of this act can bring severe penalties both to corporations and individuals, including criminal penalties and higher amounts of fines for repeated offenses.<br /><br />Option A: Statutes specify that the maximum penalties allowed as of 2014 for convictions under the Sherman Act can include fines up to $100 million for corporations.<br /><br />Option B: For violations proved against the individuals, as in conviction of responsible company officers or other individuals, the maximum fine is much lesser than corporations, and it is not $100 million.<br /><br />Option C: The law is correct on penalties to corporations, but incorrectly states the dollar amount. It is not exactly pictured as \( \$ 100 \) million, but it can be in higher amounts considering if repeated violations with penalties exceeding the statutory maximum occur.<br /><br />Option D: So the given answers do indeed pertain to possible penalties for violating the Sherman Act disregarding exact penalties, so the entire options are not incorrect.
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