‘Any agreement to sell goods on condition that the prices to be charged on the resale by the purchaser…
Resale price maintenance restricts the price charged by a purchaser when reselling. The definition in the Explanation to section 3(4) of the Competition Act, 2002 covers…
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‘Any agreement to sell goods on condition that the prices to be charged on the resale by the purchaser shall be the prices stipulated by the seller unless it is clearly stated that prices lower than those prices may be charged’ is defined under the Competition Act 2002 as
Answer and explanation
Correct answer B
Resale price maintenance restricts the price charged by a purchaser when reselling. The definition in the Explanation to section 3(4) of the Competition Act, 2002 covers direct or indirect restrictions on resale prices unless lower prices are expressly allowed. Refusal to deal concerns trading partners, while a tie-in arrangement links one purchase to another.
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TG SET Law
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CUET PG Law (LL.M.)
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