Unfair Trade Practice


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.

BREAKING DOWN '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Most state unfair trade practices statutes were originally enacted between the 1960s and 1970s.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.

  1. Tying

    An often illegal arrangement where, in order to buy one product, ...
  2. Tied Selling

    The illegal practice of a company providing a product or service ...
  3. Price Rigging

    An illegal action performed by a group of conspiring businesses ...
  4. Trade

    A basic economic concept that involves multiple parties participating ...
  5. Price Fixing

    Establishing the price of a product or service, rather than allowing ...
  6. Brand Identity

    Brand identity is the way a business wants consumers to perceive ...
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