seller’s market
A market in which demand exceeds (or approaches) supply, resulting in raised prices.
Search Results for: seller's market
market overt
An open, legally regulated public market where buyers, with some exceptions, acquire good title to products regardless of any defects in the seller’s title. Cf. FAIR. [Cases: Sales 234(2).]
fixed price contract
A contract in which the buyer agrees to pay the seller a definite and predetermined price regardless of increases in the seller’s cost or the buyer’s ability to acquire the same goods in the market at a lower price. [Cases: Sales 77. C.J.S. Sales §§ 26, 96–98.]
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primary line injury
Antitrust. Under the price-discrimination provisions of the Robinson–Patman Act, the practice of charging below-cost, predatory prices in an attempt to eliminate the seller’s competition in the market. 15 USCA § 13(a). • A primary-line injury, which hinders or seeks to hinder competition among the seller’s competitors, is distinguishable from a secondary-line injury, which refers to
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primary line injury
primary-line injury. Antitrust. Under the price-discrimination provisions of the Robinson–Patman Act, the practice of charging below-cost, predatory prices in an attempt to eliminate the seller’s competition in the market. 15 USCA § 13(a). • A primary-line injury, which hinders or seeks to hinder competition among the seller’s competitors, is distinguishable from a secondary-line injury, which
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discount
discount, n. 1. A reduction from the full amount or value of something, esp. a price. 2. An advance deduction of interest when a person lends money on a note, bill of exchange, or other commercial paper, resulting in its present value. See PRESENT VALUE. 3. The amount by which a security’s market value is
cure
cure, n. 1. A seller’s right under the UCC to correct a nonconforming delivery of goods, usu. within the contract period. UCC § 2-508. [Cases: Sales 166(1). C.J.S. Sales §§ 176, 182.] 2. Maritime law. Restoration to health after disease or injury; medical attention and nursing care during a period of convalescence. See MAINTENANCE AND
confirmed letter of credit
A letter of credit that directly obligates a financing agency (such as a bank) doing business in the seller’s financial market to a contract of sale. UCC § 2-325(3).
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tying arrangement
tying arrangement. Antitrust. 1. A seller’s agreement to sell one product or service only if the buyer also buys a different product or service. • The product or service that the buyer wants to buy is known as the tying product or tying service; the different product or service that the seller insists on selling