Define: Price Expectancy

Generally, a seller cannot unilaterally change the price of a product or service after it has been advertised or agreed upon, as it may be considered a breach of contract or false advertising. However, there may be exceptions if there was a mistake or if the terms and conditions allow for price changes.

No, a seller cannot charge a higher price than what was advertised or agreed upon, as it may be considered deceptive or unfair trade practice. The seller is generally bound by the advertised or agreed-upon price.

In most cases, a seller cannot increase the price of a product or service due to increased demand or limited supply, as it may be considered price gouging or unfair trade practice. However, there may be exceptions during emergencies or in regulated industries.

Yes, a buyer can negotiate the price of a product or service, especially in situations where there is no fixed or advertised price. Negotiations are common in business transactions, and both parties have the right to agree on a mutually acceptable price.

Yes, a buyer can refuse to pay a higher price than what was initially agreed upon, especially if there is evidence of the agreed-upon price, such as a written contract or email communication. However, it is advisable to resolve any disputes through negotiation or legal means.

Yes, a seller can offer discounts or promotions on the advertised price, as long as the terms and conditions are clearly communicated to the buyers. However, the seller should ensure that the discounts or promotions comply with applicable laws and regulations.

In general, a seller can charge different prices for the same product or service to different customers, as long as it is not based on discriminatory factors such as race, gender, or religion. However, some jurisdictions may have specific laws regarding price discrimination.

It depends on the circumstances and applicable laws. In some cases, a buyer may be able to sue a seller for charging an unfair or excessive price, especially if it violates consumer protection laws or antitrust regulations. Consulting with a lawyer is recommended in such situations.

Generally, a buyer cannot request a refund solely based on a drop in the price of a product or service shortly after purchase. However, some sellers may have price adjustment policies or return policies that allow for refunds or adjustments within a certain timeframe.

Yes, a buyer can be held legally responsible for not paying the agreed-upon price, as it may be considered a breach of contract. The seller may have the right to pursue legal remedies, such as filing a lawsuit or seeking damages, to recover the unpaid amount.