Introductory Business Law CLEP Prep Practice Exam

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What is the term used for a body of law that seeks to prevent businesses from using unfair methods to gain an advantage over competitors?

  1. Civil law

  2. Criminal law

  3. Bankruptcy law

  4. Anti-trust law

The correct answer is: Anti-trust law

Anti-trust law is the term used for a body of law that seeks to prevent businesses from using unfair methods to gain an advantage over competitors. Civil law, criminal law, and bankruptcy law do not specifically address issues of unfair competition and instead deal with other legal matters such as disputes between individuals, criminal behavior, and financial insolvency respectively.

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