The Celler-Kefauver amendment that plugged the stock versus asset loophole in the Clayton Act applies to:
A) only corporations.
B) only partnerships.
C) corporations and partnerships.
D) corporations, partnerships and sole proprietorships.
E) only sole proprietorships.

Question

Quizplus · Accepted Answer

In 1950, Congress passed the Celler-Kefauver amendment, which substantially broadened the coverage of Section 7. First, this amendment plugged the stock-versus-assets loophole.

The Celler-Kefauver Amendment That Plugged the Stock Versus Asset Loophole