Knowingly misrepresents the legal rights, obligations or remedies of a party to a transaction. 9. These laws prohibit everything from using a fake trademark to altering a used car's odometer.What is a deceptive trade or business practice? (c) Violates a state or federal statute or regulation relating to the sale or lease of goods or services. Consumers in Nevada should be aware of the concept of deceptive trade practices when purchasing a service or product in the state. Like many states, Nevada enacted deceptive trade practices statutes to protect consumers. For example, NRS 598 – Deceptive Trade Practices, outlines various practices considered deceptive and therefore prohibited. Nevada Revised Statutes. •••. NRS 598.0915 Deceptivetrade practice defined. A person engages in adeceptive trade practice if, in the course of his business or occupation, he: 1.