Being peers is often set as an axiom or a prerequisite when thinking about the theory of business transactions. However often in the reality it isn't the case.

Being peers is often set as an axiom or a prerequisite when thinking about the theory of business transactions. However often in the reality it isn't the case. This is why you need antitrust laws, consumer protection laws, regulation, unions, etc. The problem here is that there is a hole in the system. Not being paid or being paid late is very common for smaller contractors in several industries.