Definition:
Chilling a sale refers to the collaborative effort of certain individuals to prevent others from making a purchase in order to secure the item at a reduced price.
Colluding to suppress a sale occurs when a group of individuals collaborate to dissuade potential buyers from purchasing an item, with the intention of acquiring it themselves at a reduced price. For instance, at an auction, a coalition of bidders may employ intimidation tactics or undermine the item’s value to deter other bidders, thereby securing the item at a lower cost. This practice constitutes market manipulation and is considered unethical and unjust. It is illegal in numerous countries and can lead to penalties or imprisonment.
Chilling a sale refers to the act of discouraging or preventing a potential buyer from purchasing a product or service.
It depends on the circumstances. If the seller is using unethical or illegal tactics to prevent a sale, it may be considered illegal. However, if the seller is simply providing information or expressing their opinion, it may be legal.
False advertising, misrepresentation of facts, coercion, and intimidation are all examples of illegal tactics used to chill a sale.
Yes, if the seller uses illegal tactics to chill a sale, they can be held liable for any damages incurred by the buyer.
Yes, if the seller uses illegal tactics to chill a sale, the buyer can sue for damages.
The buyer should gather evidence and report the seller to the appropriate authorities.
Yes, if the seller is found guilty of using illegal tactics to chill a sale, they can be fined.
Chilling a sale refers to discouraging or preventing a sale, while price gouging refers to charging an excessive price for a product or service.
Yes, if the seller is using illegal tactics to prevent a sale and charging an excessive price, they can be accused of both.
The seller should provide accurate information and allow the buyer to make an informed decision without using unethical or illegal tactics.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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