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Essay / Research Paper Abstract
This 6 page paper focuses on what a lawyer defending Visa might say in light of the new complaint brought against both Visa and Mastercard in 1998. The subject of antitrust legislation is discussed. Bibliography lists 3 sources.
Page Count:
6 pages (~225 words per page)
File: D0_Visamast.doc
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Unformatted sample text from the term paper:
the lucrative credit card market. A lawyer for Visa had better accumulate a good deal of background material before heading to court on this potentially ground breaking case. Antitrust legislation
was popular closer to the turn of the century when the Sherman antitrust and Clayton antitrust Acts were implemented. Now, in 1998, long after the trend in such legislation began,
a new economic disaster has erupted in a new wave of antitrust activity. The Justice Department sued Visa and MasterCard, in October for limiting competition in the credit card industry1.
The lawyers for Visa and MasterCard would be wise to review the case against Microsoft at this time. The cases are going on concurrently. A student writing on this
subject will want to understand the credit card market in order to effectively argue a case for the company in question. The market must be explained to the court, inclusive
of the companies position. A lawyer for Visa might argue the following We are here today to address a complaint. The complaint has
been lodged against the two giant card companies, Visa and MasterCard. Representing Visa, I want to first address a few points and then explain why the complaint is ludicrous. The
complaint stipulates that participating companies for such general purpose cards are Visa, MasterCard classic and gold cards, the American Express Optima card and the Discover card; these companies permit holders
to either pay charges within a set period of time after the bill is presumably received or only a small amount of money per month including interest2. Charge cards, such
as the American Express Green Card demands payment upon receipt of the bill. It is critical to understand the difference between the cards and the companies. While Visa
...