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May 16, 2016 · Collusion is a practice of economics and market competition that is illegal in the United States. Collusion involves the cooperation, often in secret, of rival companies to gain some mutual benefit at the expense of another company, or other group. Ideally, the economy is a function of supply and demand, which drives prices, equalizes profits ...
Collusion refers to a secret agreement between two or more parties to deceive or defraud someone else, often to gain an unfair advantage. Imagine two friends deciding to cheat in a game by agreeing to share answers. In a legal context, this can involve businesses or individuals working together to manipulate outcomes, often at the expense of ...
Definition & Citations: A deceitful agreement or compact between two or more persons, for the one party to bring an action against the other for some evil purpose, as to defraud a third party of his right Cowell. A secret arrangement between two or more persons, whose interests are apparently conflicting, to make use of the forms and ...
COLLUSION, fraud. An agreement between two or more persons, to defraud a person of his rights by the forms of law, or to obtain an object forbidden by law; as, for example, where the husband and wife collude to obtain a divorce for a cause not authorized by law. It is nearly synonymous with @covin. (q.v.) 2.
Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not always considered illegal. It can be used to attain objectives forbidden by law; for example, by defrauding or gaining an unfair market advantage.
The meaning of COLLUSION is secret agreement or cooperation especially for an illegal or deceitful purpose. How to use collusion in a sentence. ... Legal Definition ...
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collusion Definition for collusion n. where two persons (or business entities through their officers or other employees) enter into a deceitful agreement, usually secret, to defraud and/or gain an unfair advantage over a third party, competitors, consumers or those with whom they are negotiating.
