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Simple English definitions for legal terms

forestalling the market

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A quick definition of forestalling the market:

Term: Forestalling the Market

Definition: Forestalling the market is when someone tries to control the price of goods by buying them before they reach the market or by convincing sellers to raise their prices. This is not fair because it stops people from buying things at a reasonable price. It is like cheating in a game because it gives one person an unfair advantage over others.

A more thorough explanation:

Definition: Forestalling the market is the act of taking possession of commodities on their way to the market, purchasing goods with the intention of reselling them at a higher price, or deterring sellers from offering their goods at a reasonable price. It is a crime that inhibits normal trading by persuading sellers to raise their prices on goods or dissuading them from offering the goods in a particular market, or by purchasing as much as possible of certain goods before they reach the market to drive up prices.

Example 1: A farmer buys all the wheat from other farmers in the area before it reaches the market. He then sells the wheat at a higher price to the millers who need it to make flour. This is an example of forestalling the market.

Example 2: A group of traders conspire to buy all the fish from the fishermen before they reach the market. They then sell the fish at a higher price to the retailers who need it to sell to the consumers. This is also an example of forestalling the market.

These examples illustrate how forestalling the market can lead to higher prices for consumers and unfair competition for other traders who are not involved in the scheme. It is a practice that is illegal and harms the economy by disrupting the normal flow of goods and services.

forestaller | forest law

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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