1. Which of the following is true about the Sherman Act?

A) Liability under Section I for restraint of trade requires agreement with another party, but liability under Section 2 for monopolization does not.

B) Liability under the Section 2 for monopolization requires agreement with another party, but liability under Section I for restraint of trade does not.

C) Liability under either Section I or Section 2 requires agreement with another party.

D) A business can be liable under either Section I or Section 2 without any agreement with another party.

2. Which of the following statements is false regarding the liability of partners?

A) Each partner is jointly and severally liable on all contracts made by or on behalf of the partnership.

B) Each partner is jointly and severally liable for all physical torts committed by a copartner in the course of partnership business.

C) Each partner is jointly and severally liable for frauds committed by a copartner in the course of partnership business, even though he or she does not know of or participate in the fraud.

D) Where there is joint and several liability, an action may be brought against any one or more of the partners or the partnership.