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competition. The struggle for commercial advantage; the effort or action of two or more commercial interests to obtain the same business from third parties. fair competition.Open, equitable, and just competition between business competitors. horizontal competition.Competition between a seller and its competitors. • The Sherman Act prohibits unrea-sonable restraints on horizontal competition, such as price-fixing agreements between competitors. —…

competent witness.See WITNESS.[Blacks Law 8th]

competent jurisdiction.See JURISDICTION(2). [Blacks Law 8th]

competent evidence.See EVIDENCE. [Blacks Law 8th]

competent court.See court of competent jurisdiction under COURT. [Blacks Law 8th]

competent contractor.See CONTRACTOR. [Blacks Law 8th]

competency to stand trial.See COMPETENCY. [Blacks Law 8th]

competency proceeding.See PROCEEDING. [Blacks Law 8th]

competency hearing.See PATE HEARING. [Blacks Law 8th]

competency,n.1. The mental ability to understand problems and make decisions. [Cases: Mental Health  3. C.J.S. Insane Persons§§ 2, 6.] 2. A criminal defendant’s ability to stand trial, measured by the capacity to understand the proceedings, to consult meaningfully with counsel, and to assist in the defense. — Also termed competency to stand trial. [Cases: Mental…