Business law

Updated: 10/15/2020
Business law

Storyboard Text

  • Your restaurant is taking all of my business and I'm sick of it
  • Sorry I cant help they we serve better food than you
  • Our food is not cheap! We just know how to run a business
  • We serve the best food in town. Yours is just cheap
  • I say that we start price fixing
  • Start what??
  • Price fixing. Its an agreement to a fixed price of a product.
  • Isn't that illegal?
  • No, not at all
  • Oh. I guess that will work then. I'm tired of competing
  • Haha I'm gonna trap her into my plan
  • This contract is in fact illegal. However, the female owner did not have knowledge of this. If caught and taken to court, she could claim that she is excusably ignorant. This means she did not know that the contract is illegal.
  • They sign a contract made by the male owner