Forestallers, Statute of


Forestallers, Statute of
Statuta de forstallariis, 1390. Forestalling was deemed to evade the *assize and was prohibited. The practice involved buying up goods before a market, for example, thus 'cornering the market' in a particular item. Trading times of markets were strictly regulated: anyone meeting those coming to market and buying early was deemed a forestaller and subject to public exposure. The statute specified that 'names shall be presented distinctly and openly, and they be amerced for every default, or be judged to the *tumbrel, if they forestall contrary to the statute'.

Dictionary of Medieval Terms and Phrases. .

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