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Where a Contract Is Discharged or Modified by What Amounts

question 31

Essay

Where a contract is discharged or modified by what amounts to a unilateral discharge,explain the problem that arises and its solution.


Definitions:

Resale Price Maintenance

A practice where manufacturers and suppliers control or influence the price at which a product is sold by retailers, often to maintain price consistency or value.

Vertical Price-Fixing

An illegal agreement between parties at different levels of the same supply chain, such as manufacturers and retailers, to control prices.

Horizontal Price-Fixing

An agreement between competitors at the same level of the supply chain to set prices, restrict production, or reduce competition.

Sherman Act Section 1

A provision of U.S. antitrust law that prohibits contracts, combinations, or conspiracies that restrain interstate or foreign trade.

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