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Business Law I Essentials

Chapter 12

Business Law I EssentialsChapter 12
1.

The term “unfair trade practice” describes the use of deceptive, fraudulent, or unethical methods to gain business advantage or to cause injury to a consumer. Unfair trade practices are considered unlawful under the Consumer Protection Act. The purpose of the law is to ensure that consumers have the opportunity to make informed, rational decisions about the goods and services they purchase.

3.

Bait and switch is a form of false advertising whereby the company advertises a product or service and then sells another item in its place.

5.

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