Asked by
henry fajilan
on Dec 18, 2024Verified
Buns Bakery sold bread and cakes to Peggy's Grocery under an agreement whereby Peggy would not retail the goods for less than the price printed on the wrapper of the products. By their agreement, Buns Bakery would provide Peggy's Grocery with an extra 5% discount at the end of each month, based upon the volume sold at the stipulated retail price during the month. The agreement between Buns Bakery and Peggy is an agreement in restraint of trade.
Restraint of Trade
Legal term that describes any type of activity, agreement, or contract that restricts or impedes competition in a market or trade.
- Review the legality and effects of accords that impede commerce.
Verified Answer
AW
Learning Objectives
- Review the legality and effects of accords that impede commerce.
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