Bussiness law notes (most recent) - Unfair trade practices...

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Unfair trade practices Price fixing/ monopolizing False/ misleading advertising Illegal lotteries Unfair pricing methods Misleading goods Selling “old” as “new” Confusing trademarks or brand labels Sending unordered merchandise Commercial bribery Short weighting Government Help FTC (Federal Trade Commission) To help with unfair trade purchases CPSC (Consumer Product Safety Commission) FDA (Food and Drug Administration) NBS (National Bureau of Standards) USDA (US Department of Agriculture) BBB (Better Business Bureau) Warranties-Implied Implied- understood based on resemblance Warranty of Merchantability- merchants words may create “implied” warranties and “express” puffing excluded Fitness of particular purpose...goods must be able to be used as they are intended
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Unformatted text preview: ● Warranty against encumbrances…No. 3rd party interference (claim against use that would limit buyers rights) ● Warranty of title...no theft and infringement Warranties- express ● Express-written of specifically stated ● Limited or full warranties ● Lifetime or time stated ● “Disclaimer” can limit ● “Puffing” doesn't count Remedies ● Consent orders ● Cease and desist order ● Restitution ● Class action lawsuits It's all greek to me ● Caveat Emptor- “let the buyer beware” or what is puffing vs. implied ● Caveat Venditor- “let seller beware” that their words may create implied warranties...
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