Asked by
Kylan Osborn
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 is lawful because any sale of goods for a price less than the price printed on the package would mean that Buns Bakery was falsely advertising the price of the product.
False Advertising
The act of misleading consumers through deceptive, incorrect, or unsubstantiated claims about a product or service.
- Analyze the legitimacy and outcomes of agreements that restrict trade.
Verified Answer
KM
Learning Objectives
- Analyze the legitimacy and outcomes of agreements that restrict trade.
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