Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. All the lawyers practicing in the state of Chaos belong to the state bar association. The ethical rules of the bar association of Chaos

. All the lawyers practicing in the state of Chaos belong to the state bar association. The ethical rules of the bar association of Chaos provides a minimum fee schedule for various legal services, claiming that the fees represent the minimum amount of time that a lawyer should spend on an activity in order to provide competent service. One of the minimum fees is for the examination of titles to real estate. A large amount of funding for real estate sales in the state of Chaos comes from outside the state or out-of-state lending institutions. In this situation, which of the following would be correct'?

A)The federal antitrust laws do not apply because the fee schedule does not significantly impact interstate commerce.

B)The federal antitrust laws do not apply because professions are not trade or commerce and are exempt.

C)The federal antitrust laws apply only if prices are maintained at a level that is higher than what would exist if there were no suggested minimum fee schedule.

D)The federal antitrust laws apply regardless of the motive of the bar association to affect competition.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elliott And Quinns Tort Law

Authors: Frances Quinn

12th Edition

1292251441, 978-1292251448

More Books

Students also viewed these Law questions

Question

An action plan is prepared.

Answered: 1 week ago