Legal Opinion
United States v. $448,342.85 (j.m. Distributors and Westmont Corporation, Claimants)
Court of Appeals for the Seventh Circuit
Decided July 29, 1992No. 91-2912, 91-2913, 91-3159 and 91-3160PublishedCited by 40 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Competition among sellers, coupled with bargain-hunting by buyers, leads to prices that protect ignorant, lazy, or busy customers. Comparison shopping by even a fairly small portion of potential customers drives prices to the level reflecting full information about goods of their quality. * Because buyers know this effect, if only hazily, sellers try to persuade them that they need not shop. “Look what knowledgeable people pay!” is the sales pitch. All to the good, if the claim be true; sometimes, however, the come-on is too good to be true.
Brothers Gary, Thomas,…
2Cases cited6 opinions
- United States v. Banco Cafetero Panama, Banco Cafetero Colon, Defendants-In-Rem-AppellantsCourt of Appeals for the Second Circuit · 1986
- United States v. Gregory J. EdwardsCourt of Appeals for the Seventh Circuit · 1989
- Mary Kochton Appley v. Stuart West, Mary Kochton Appley v. National Republic Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1987
- United States v. On Leong Chinese Merchants Association BuildingCourt of Appeals for the Seventh Circuit · 1990
- United States v. All Monies ($477,048.62) in Account No. 90-3617-3, Israel Discount Bank, New YorkDistrict Court, D. Hawaii · 1991
1 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- United States v. John VoigtCourt of Appeals for the Third Circuit · 1996
- United States v. BornfieldCourt of Appeals for the Tenth Circuit · 1998
- United States of America, Plaintiff-Appellee-Cross-Appellant v. Steven B. Tencer and Ronald Lazar, Defendants-Appellants-Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1997
- United States v. David H. SwansonCourt of Appeals for the Seventh Circuit · 2005
- United States v. Braxtonbrown-SmithCourt of Appeals for the D.C. Circuit · 2002
35 more not listed; retrieve them via the Exa API.