Asked by
Gabrielle Sackmann
on Nov 23, 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. Both Buns Bakery and Peggy's Grocery would appear to have acted in violation of the Competition Act by entering into their agreement.
Competition Act
Legislation designed to prevent anti-competitive practices, promote and maintain fair competition in the market.
- Investigate the legal status and ramifications of trade limitation contracts.
Verified Answer
FS
Learning Objectives
- Investigate the legal status and ramifications of trade limitation contracts.
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