Author Question: When compensatory damages are substantial, the United States Supreme Court ruled that punitive ... (Read 88 times)

jayhills49 · **on:** Jun 24, 2018

When compensatory damages are substantial, the United States Supreme Court ruled that punitive damages are allowable if the ratio of punitive damages to compensatory damages is:
A) 1:1.
B) 2:1.
C) 3:1.
D) 1:2.

Question 2

Several law firms in the Detroit area have met and agreed not to charge more than 200 for a simple will so that they can more effectively compete with the increasing number of legal clinics. The agreement for a price maximum is:
A) not an antitrust violation because the public benefits from maximum prices.
B) not an antitrust violation because it is a service and not a sale of goods.
C) price fixing and an antitrust violation.
D) None of the above