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Unformatted text preview: o Traditional Criminal Law o Civil Law o Administrative Law Corporations have been considered legal “persons” since a Supreme Court decision of 1886. The Sherman Antitrust Act (1890): Forbids restraint of trade and the formation of monopolies; makes price fixing a felony. Regulatory agencies can enforce sanctions: o Warnings o Recalls o Orders o Injunctions o Monetary Penalties o Criminal Penalties Lawsuits by harmed parties also used. Criticisms of Regulatory Agencies: 1. Reliance on records from organization being regulated. 2. Fines are too small. 3. Criminal penalties rarely used. 4. Understaffing. 5. Agency commissions often include individuals from organizations to be regulated. 6. Some regulatory agency employees have an interest in representing the interests of the corporations....
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- Spring '08
- Law, theft, Sherman Antitrust Act