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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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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
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@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
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i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
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people were getting excited :sob:
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then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
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It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
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That one is a masterpiece
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My favorite song by them is Recreation
glovediedthisishismom
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snowing
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