Unfair Trade Practices Act

The Unfair Trade Practices Act is a law designed to protect consumers and fair competition by preventing deceptive, fraudulent, or unethical business methods. It prohibits practices such as false advertising, misrepresentation, imitation of competitors’ goods, and unfair pricing tactics. The goal is to ensure honesty and transparency in commercial dealings, enabling consumers to make informed decisions and promoting a healthy marketplace where businesses compete fairly. Enforcement can involve penalties, fines, or legal actions against those who violate the law, maintaining integrity in trade practices.