A ______ is one in which a product is sold or leased only on the condition that a buyer or lessee purchase a different product or service from a seller or lessor.
A) executory contract
B) exclusive dealing contract
C) reciprocal dealing arrangement
D) tying contract
E) licensing agreement

Question

Quizplus · Accepted Answer

A tying contract is one in which a product is sold or leased only on the condition that a buyer or lessee purchase a different product or service from a seller or lessor. In order to face liability, the seller requiring the tying arrangement must have market power in one product or service that it seeks to extend through the tied product or service.

A ______ Is One in Which a Product Is Sold