New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Any arrangement requiring a purchaser of goods, as a

    condition of such purchase, to purchase some other goods is:
    A Tier agreement Correct Answer Incorrect Answer
    B Tie-in agreement Correct Answer Incorrect Answer
    C Agreement to tie Correct Answer Incorrect Answer
    D Tyre agreement Correct Answer Incorrect Answer
    E No such agreement exists Correct Answer Incorrect Answer

    Solution

    As prescribed under Section 3(4) of the Competition Act- explanation, tie-in arrangement includes any arrangement requiring a purchaser of goods, as a condition of such purchase, to purchase some other goods. The product or service that is obtain by the buyer as per as requirement is called the tying product or service and the product that is compelled or forced to the buyer is called the tied product.

    Practice Next