On Wed, 8 Sep 2004 09:58:20 -0700, "McGyver" <Greyprof@msn.com> wrote:
The seller's actions in your example are legal. There are other
examples where similar actions would not be legal. In the instances
where gouging is illegal, it's because specific legislation has been
passed, such as against gas stations jacking up the prices during a
shortage. If there is no specific legislation, a person can sell a
gallon of gasoline for any amount the buyer will pay. That right
stems from the right of the seller to decline to sell at all.
Then based on this there is no need for me to elaborateon the actual
case I had in mind because there was no illegal gouging.