Limited liability companies, like corporations, are presumed to have perpetual life.
a. True
b. False
Indicate whether the statement is true or false
Question 2
In Freeman v. San Diego Assn. of Realtors, most of the real estate Multiple Listing Services joined together to provide their service to real estate agents. The association charged all realtors the same price. When challenged as price fixing, the appeals court held that this:
a. was per se illegal price fixing
b. was illegal price fixing under a rule of reason analysis
c. did not violate the antitrust laws because the quality of service rose and the price fell
d. did not violate the antitrust laws because most consumers of the service preferred the new arrangement, so there was a net improvement
e. none of the other choices
