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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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this is for next cycle
everyone saying medians are gonna be crazy so idk what i should be aiming for. 3.9+ gpa if it matters
r/lsa makes me feel like im stupid for having a 170 lol
@RasheedWallaceFan: your gpa is above all medians, so apply broadly
Okay thank you for the input, the other thing im struggling with is just making a school list in general. I am insecure so im like do i have to apply to 5 low ranked schools just in case? I guess I am trying to figure out where the "safety" cutoff is and my list right now is 25 schools so idk if thats too much
@RasheedWallaceFan: 25 is on the high end, but you should apply to however many you feel comfortable with. imo, a safety is anywhere you are well above both medians. you can look at my school list for inspo if you'd like
you shouldn't apply to anywhere you wouldn't realistically go if it was your only offer
for sure, thank you a lot. Have fun at michigan that will be awesome!
NosyBeagle
17:13
it is 4pm here so it's time for nyt sudoku (I'm not good at sudoku either)
omg i just did the wordle and mini
NosyBeagle
17:14
love nyt games
SAMEEEEE
NosyBeagle
17:14
i do them in between studying to keep sane
@RasheedWallaceFan: take your list and research the city, campus, tuition, bar passage, employment by sector, etc.!!! it might help you narrow down your school choices
also don't pay much attention to the people on reddit. there's genuinely good advice but there's a ton of people who are just energy vampires (average reddit user)
@NosyBeagle: that is so real
me playing a mobile game after a 7sage section
NosyBeagle
17:26
i have or im gonna get the lsat blues
NosyBeagle
17:26
lol
17:30
I already have the LSAT blues... not as much as I am going to have between June 7 and June 25 though :P
17:31
The real reason why lawyers are alchoholics... Because there is so much of a wait time between tests and scores.
NosyBeagle
17:48
i already became one in undergrad so ill fit right in
Are the 7sage app requirements as far as essays go accurate? I would love to spend my summer preparing my applications but I dont want to waste time writing essays that wont be there. Is there a way to know what will be on the apps, or when those apps will be available to view? Or should I just focus on my PS and DS for now?
@RasheedWallaceFan: they were accurate for me, but school requirements change year to year and there's no way for anyone to know for sure
NosyBeagle
18:22
how far can i get if I type "please" on a word doc 500 times
okay sabrina carpenter
NosyBeagle
18:32
lmao
NosyBeagle
18:37
oh yeah my shift is almost over im gonna go to sleep immdiately
@RasheedWallaceFan: refer to school website, of course
@windyMagician: swagjacker
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