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Unfair Trade Practices In Competition Law In Maryland
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How to Submit a Complaint E-mail: CSUplaints@maryland. Mail: Office of Financial Regulation. Fax: 410-333-3866. In-person: Appointments are available to hand-deliver documents or meet with Financial Regulation staff at our offices in Baltimore City.
If you have been targeted by an illegal business practice or scam, report it at Reportfraud.ftc.
In Maryland, Unfair Competition is a tort that a party can establish proving that a business or company damaged or jeopardized their business “by fraud, deceit, trickery or unfair methods. '” See Cavalier Mobile Homes, Inc. v. Liberty Homes, Inc.
Common Examples of Unfair Competition False advertising. “Bait and switch” selling tactics. Unauthorized substitution of one brand of goods for another. Use of confidential information by former employee to solicit customers.
Deceptive trade practices in Maryland are dealt under Maryland Commercial Law Code, Title 13 (Consumer Protection Act), Subtitle 3 (Unfair or Deceptive Trade Practices) Section 13-301 et seq. Any advertisement of consumer goods or services without intent to sell, lease or rent are prohibited under Section 13-301.
(a) Any person who engages, has engaged, or proposes to engage in unfair competition shall be liable for a civil penalty not to exceed two thousand five hundred dollars ($2,500) for each violation, which shall be assessed and recovered in a civil action brought in the name of the people of the State of California by ...
Section 5 of the Federal Trade Commission Act (FTC Act) (15 USC 45) prohibits ''unfair or deceptive acts or practices in or affecting commerce. '' The prohibition applies to all persons engaged in commerce, including banks.
Consumer Protection Act. • Prohibits unfair, abusive, or deceptive trade practices. • Deceptive trade practices include: – Misrepresentations. – Omissions of important information.
Types of Unfair Trade Practices ① Refusal to Deal. ② Discriminatory Treatment. ③ Exclusion of a Competitor. ④ Unfair Solicitation of Customers. ⑤ Coercion of Transaction. ⑥ Abuse of Superior Bargaining Position. ⑦ Imposing Binding Conditional Trade. ⑧ Obstruction of Business Activities.