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Tied Selling

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Tied Selling
An illegal practice in which a company agrees to sell a customer some good or service only if the customer also buys some other good or service. Tied selling is most often associated with banks. For example, tied selling may occur when a bank informs its customer that it will only approve a mortgage for him/her if the customer transfers all his/her bank accounts to that bank.


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To address these issues, the report recommended Legislation governing privacy, disclosure, coercive tied selling and redress.
 
 
 
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