Fair Price - Law Dictionary Search Results
Home Dictionary Name: fair priceFair price
Fair price, the fair price has to be determined in respect of the entire produce ensuring to the industry a reasonable return on the capital employed in the business of manufacturing sugar, Anakapalle Co-op. Agrl. And Industrial Society Ltd. v. Union of India, AIR 1973 SC 734 (736): (1973) 3 SCC 435: (1973) 2 SCR 882....
Excess realisation
Excess realisation, 'excess realisation', in relation to each grade of levy sugar,--(i) means the price realised by any producer, on the sale of levy sugar of such grade, in excess of--(a) the controlled price, or(b) where any fair price has been fixed by a court for levy sugar of such grade, such fair price, and(ii) includes any realisation representing the differ-ence between the controlled price and the price allowed by the court by an interim order, if such interim order is set aside, whether by the court which made the order or in appeal or revision, Anakepalle Co-operative Agricultural and Industrial Society Ltd. v. Union of India, (1977) 4 SCC 130: AIR 1977 SC 2041....
Milk for meat
Milk for meat, i.e., that the agister of cows should take their milk in exchange for their pasturage. See London and Yorkshire Bank v. Belton, (1885) 15 QBD 457, where it was held that under such an agreement the farmer is taking a 'fair price' for the grass within s. 45 of the Agricultural Holdings Act, 1883 (s. 35 of the Act of 1883), by which live stock taken in to be fed 'at a fair price' are exempted from distress for rent....
Consumer
Consumer, 'consumer' would include 'any person who consumes electrical energy supplied by a person who generates electrical energy for his own consumption', Jiyajee Rao Cotton Mills Ltd. v. State of Madhya Pradesh, AIR 1963 SC 414: (1962) Supp 1 SCR 282.The definition of the word 'consumer' shows that it would include a person who consumes energy generated by himself. The proposition that in the matter of the levy of electricity tax the Court should differentiate between cases wherein the energy consumed has been generated by someone other than the consumer and those wherein such energy has been generated by the consumer himself cannot, therefore, be countenanced, State of Mysore v. West Coast Papers Mills Ltd., (1975) 3 SCC 448: AIR 1975 SC 5: (1975) 2 SCR 127.The word 'consumer' is a comprehensive expression. It extends from a person who buys any commodity to consume either as eatable or otherwise from a shop, business house, corporation, store, fair price shop to use of private or p...
Agisted livestock
Agisted livestock, means livestock belonging to another person which has been taken in by the tenant of an agricultural holding to be fit at a fair price, Halsbury's Laws of England, Vol. 1(2), 4th Edn., Para 334, Note 4, p. 174; see also London and Yorkshire Bank v. Belton, (1885) 15 QBD 457....
fair-trade agreement
fair-trade agreement : an agreement between a producer and a seller that commodities bearing a trademark, label, or trade name belonging to the producer be sold at or above a specified price NOTE: Most fair-trade agreements are illegal. ...
Wheat
Wheat. See CORN; QUOTA. The (English) Wheat Act, 1932 (22 & 23 Geo. 5, c. 24), was passed to secure to registered growers of wheat grown in the United Kingdom a standard price and a market, and to provide payments by millers and importers of flour by reference to a quota of home-grown wheat and to provide for the purchase by the Flour Millers Corporation representing such millers of unsold stocks of such wheat up to 12' per cent. of the anticipated home-grown supply at the fair market price in the locality....
fair market value
fair market value : a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business ...
Reasonable
Reasonable, has in law prima facie meaning of reasonable in regard to those circumstances of which the actor, called upon to act reasonably knows or ought to know, Gujarat Water Supply & Sewerage Board v. Unique Erectors (Gujarat) Pvt. Ltd., (1989) 1 JT SC 157: (1989) 39 ELT 493: AIR 1989 SC 973; Rena Drego v. Lalchand Soni, (1998) 3 SCC 341.Reasonable, has in law the prima facie meaning of reasonable in regard those circumstances of which the actor, called on to act reasonably, knows or ought to know, Rena Drego v. Lalchand Soni, (1998) 3 SCC 341.Means rational, according to dictate of reason and not excessive or immoderate. If something is not per se preposterous or absurd, it must he held to be reasonable. 'The action is called reasonable which an informed, intelligent, just minded, civilized man could rationally favour. The concept of reasonable-ness does not exclude notions of morality and ethics. In the circumstances of a given case consi-derations of morality and ethics may have...
federal trade commission (ftc)
federal trade commission (ftc) The agency of the federal government that seeks to promote free and fair competition in interstate commerce through prevention of trade restraints such as price-fixing agreements, false advertising, illegal combinations of competitors and other unfair methods of competition. Source: FindLaw ...
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