Tuesday, June 23, 2009

Elsie Law's Daily Dose Of The Law

According to Black's Law Dictionary, "Unfair Methods of Competition" is defined as follows:

"This phrase within Federal Trade Commission Act has broader meaning than common-law term 'unfair competition,' but it scope cannot be precisely defined, and what constitutes 'unfair methods of competition' must be determined in particular instances, upon evidence, in light of particular competitive conditions and of what is found to be a specific and substantial public interest."

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