Unfair Trade Practises
Definition
It is any fraudulent, deceptive, or dishonest trade practice that is prohibited by statute, regulation, or the Common Law.
Unfair Trade Practice is to use various deceptive, fraudulent or unethical methods to obtain business. Unfair trade practices include misrepresentation, false advertising, tied selling and other acts that are declared unlawful by statute. It can also be referred to as deceptive trade practices.
Purpose
The law of unfair competition serves five purposes. * The law seeks to protect the economic, intellectual, and creative investments made by businesses in distinguishing themselves and their products. * The law seeks to preserve the good will that businesses have established with consumers. * The law seeks to deter businesses from appropriating the good will of their competitors. * It seeks to promote clarity and stability by encouraging consumers to rely on a merchant's good will and reputation when evaluating the quality of rival products. * The law seeks to increase competition by providing businesses with incentives to offer better goods and services than others in the same field.
OBJECTIVE OF THE ACT
An Act to provide for better protection of the interests of consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumers' disputes and for matters connected therewith.
BRIEF STRUCTURE OF THE CONSUMER PROTECTION ACT, 1986
Section 1 – Short Title, Extent and Commencement
Section 2 – Definitions
Section 3 to 31 – Other Provisions
Section 1
Short Title: Consumer Protection Act, 1986
Extent: CP Act applies to whole of India except Jammu and Kashmir
Section 2 : Definitions
"complainant" means -
(i) a consumer; or
(ii) any voluntary consumer association; or
(iii) the Central Government or any State Government,
(iv) one or more consumers, where there are numerous consumers having the same interest;
(v) in case of
It is any fraudulent, deceptive, or dishonest trade practice that is prohibited by statute, regulation, or the Common Law.
Unfair Trade Practice is to use various deceptive, fraudulent or unethical methods to obtain business. Unfair trade practices include misrepresentation, false advertising, tied selling and other acts that are declared unlawful by statute. It can also be referred to as deceptive trade practices.
Purpose
The law of unfair competition serves five purposes. * The law seeks to protect the economic, intellectual, and creative investments made by businesses in distinguishing themselves and their products. * The law seeks to preserve the good will that businesses have established with consumers. * The law seeks to deter businesses from appropriating the good will of their competitors. * It seeks to promote clarity and stability by encouraging consumers to rely on a merchant's good will and reputation when evaluating the quality of rival products. * The law seeks to increase competition by providing businesses with incentives to offer better goods and services than others in the same field.
OBJECTIVE OF THE ACT
An Act to provide for better protection of the interests of consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumers' disputes and for matters connected therewith.
BRIEF STRUCTURE OF THE CONSUMER PROTECTION ACT, 1986
Section 1 – Short Title, Extent and Commencement
Section 2 – Definitions
Section 3 to 31 – Other Provisions
Section 1
Short Title: Consumer Protection Act, 1986
Extent: CP Act applies to whole of India except Jammu and Kashmir
Section 2 : Definitions
"complainant" means -
(i) a consumer; or
(ii) any voluntary consumer association; or
(iii) the Central Government or any State Government,
(iv) one or more consumers, where there are numerous consumers having the same interest;
(v) in case of