Unfair Trade Practice

Dictionary Says

Definition of 'Unfair Trade Practice'


Using 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.
Investopedia Says

Investopedia explains 'Unfair Trade Practice'


Most state unfair trade practices statutes were originally enacted between the 1960s and 1970s. Since then, many states have adopted these laws to prevent unfair trade practices. Consumers that have been victimized should contact the unfair trade practice statute in their state to determine whether they have a cause of action.
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