Guide to antitrust

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PRICE-FIXING is perhaps the most serious of antitrust violations in which credit grantors can find themselves engaged. The myth that only the sales department can engage in price-fixing has long-since been clarified.

The United States Supreme Court, in 1980 in the case of Catalano Inc. v. Target Sales, held, in pertinent part:

It is virtually self-evident that extending interest-free credit for a period of time is equivalent to giving a discount equal to the value of the use of the purchase price for that period of time. Thus, credit terms must be characterized as an inseparable part of the price.

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