Political Quotes

Bill Taft: “The test of reasonableness was never applied by the court at common law to contracts or combinations or conspiracies in…”

On the record
The test of reasonableness was never applied by the court at common law to contracts or combinations or conspiracies in restraint of trade whose purpose was or whose necessary effect would be to stifle competition, to control prices, or establish monopolies.
Said by
Bill Taft
Republican · Ohio

Editor's note · Context

This statement reflects Taft's views on the legal limits of trade restraints and their impact on competition.

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