T/F Questions

2. In State X the legal allowable interest rate is 12% per year. BossCard credit card company, headquartered in State Y where the allowable interest rate is 18% a year may offer credit to customers in State X at the 18% rate.

3. Since 1890, with the enactment of the Clayton Act, the law of restraint of trade has been absorbed by federal and state antitrust statutesthere is no longer common-law restraint of trade..

4. An agreement signed by Lowry, the president of an automobile company, not to work for any competitors during the term of his employment in the company is unlawful according to restraint of trade.

5. A term may be substantively unconscionable if it is imposed upon the weaker party because of fine print.