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dictionary

Bailment

I. DEFINITIONS.

A bailment is a delivery of a thing in trust for some special object or purpose with the understanding, expressed or implied, that the person receiving it shall return it when that purpose has been fulfilled. A bailor is one who makes a bailment or delivers goods to a bailee. A bailee is a person who receives goods of another to hold according to the purpose of delivery.

Antitrust law

I. GENERAL CONCEPTS.

A trust is a corporation or conglomerate having monopolistic power within its field of commerce. Various laws have been passed to prevent such combinations from using unfair methods of competition. The federal antitrust laws are the Sherman Act, the Clayton Act, the Federal Trade Commission Act, the Robinson-Patman Act and many state statutes. The Sherman Act is concerned with agreements in restraint of trade and actual and attempted monopolization of markets. The Clayton and Federal Trade Commission Acts are concerned with anticompetitive exclusive dealing arrangements and mergers and with unfair methods of competition. The Robinson-Patman Act is concerned with discriminatory pricing and promotions in the distribution of goods.

Acknowledgement

I. DEFINITION.

An acknowledgment is a statement sworn in the presence of a proper authority that a certain document is the free and voluntary act of the person making the acknowledgment. All documents relating to or affecting real estate-such as deeds, mortgages, and releases, as well as many other documents--must be acknowledged. SEE ORS 93.010; 93.410; 93.710; 93 990; 100.100 for documents affecting land.