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When a Person Informs You Before Performance Is Due That

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When a person informs you before performance is due that he is not going to perform the contract, you don't have to wait to see if he does perform. You can make other arrangements and sue right away.


Definitions:

Sherman Antitrust Act

Is a landmark federal statute in the United States that prohibits monopolistic business practices and promotes competition.

Cartel Agreements

An arrangement between competing firms to control prices or exclude entry of a new competitor in a market, often to maximize their own profits by limiting supply.

Price-fixing

An illegal agreement among competitors to set prices at a certain level rather than allowing them to fluctuate naturally with market forces.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at promoting fair competition and preventing monopolies.

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