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LSDefine

Simple English definitions for legal terms

forestaller

Read a random definition: Sealed verdict

A quick definition of forestaller:

A forestaller is a person who tries to prevent something from happening or intercepts something. In the past, it also referred to someone who bought goods to resell them at a higher price, which was considered a crime. This was because it caused prices to go up in many places, even though it helped allocate scarce goods to where they were most needed.

A more thorough explanation:

Definition: A forestaller is a person who engages in the act of forestalling, which can refer to several actions:

  1. Preventing an event or result from happening
  2. Intercepting or obstructing a person on a royal highway (historical usage)
  3. Preventing a tenant from entering a property (historical usage)
  4. Intercepting a deer reentering a forest (historical usage)
  5. Buying goods for the purpose of reselling them at a higher price (historical usage)

Historically, forestalling was considered an indictable offense, particularly in the case of buying goods for the purpose of reselling them at a higher price. This was seen as a restraint of trade, as it resulted in higher prices for goods in many parts of the country.

For example, a forestaller might bid against a traditional buyer in a smaller town, obtain grain, and then resell it in a larger town where it could command a higher price. This practice did not harm allocative efficiency, as it effectively reallocated scarce goods to their most highly valued uses. However, it was still considered objectionable and prohibited.

forestall | forestalling the market

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SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
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Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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