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Tying (informally, product tying) is the practice of selling one product or service as a mandatory addition to the purchase of a different product or service.In legal terms, a tying sale makes the sale of one good (the tying good) to the de facto customer (or de jure customer) conditional on the purchase of a second distinctive good (the tied good).
The absurdity of this approach was made manifest in the two Railway Express cases. In the first, a tax imposed by the state of Virginia on American business concerns operating within the state was struck down because it was a business privilege tax imposed on the privilege of doing business in interstate commerce. But then, in the second ...
Loyalty discounts, a discount when buyer purchases majority of goods from one supplier [16] Slotting allowances , the supplier pays a fee to secure shelf space from the buyer Requirements contracts , agreement to purchase all units form one supplier, as buyer cannot purchase from any other supplier in the market , which is a term stated in a ...
California is the only state in the U.S. to be somewhat proactive in restricting potassium bromate by slapping warning labels on products that contain it, but in other countries, it is banned ...
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The mere name makes it sound scandalous, and indeed it has become so: naked short selling. But what exactly does it mean? Is it legal? And if it isn't, is it still being done and if so, how? I'm a...
UCC § 2-207(3) only applies when the proviso language from subsection 1 is used. When the proviso is used, there is no contract formed at that time unless the original offeror assents to the terms that the party purporting to accept has made "expressly conditional." For example, a buyer sends a purchase order with its own terms.
The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.