Unfair Trade Practices In Competition Law In Chicago
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The action must be brought within 4 years after the commission of the act upon which it is based. Nothing in this subsection shall impair the right of any person to bring an action under subsection (2) of this Section. (Source: P.A. 96-751, eff.
Illinois Code Chapter 815, 505/1 through 505/12 is commonly known as the Consumer Fraud and Deceptive Business Practices Act (“Act”). This is a law that is meant to protect consumers from businesses that engage in unfair methods of competition and unfair acts during the conduct of commerce or trade.
However, Illinois courts have held that the applicable statute of limitations in a slander of title action is the five year statute of limitations as provided by Section 16 of Chapter 83 of the Illinois Revised Statutes. See Reliable Manufacturing Company v. Vaughan Novelty Manufacturing Co., 294 Ill. App.
Unfair methods of competition and unfair or deceptive acts or practices, including but not limited to the use or employment of any deception fraud, false pretense, false promise, misrepresentation or the concealment, suppression or omission of any material fact, with intent that others rely upon the concealment, ...
In general, Illinois civil statutes of limitations or statutes of repose are two years for the injured person and five years for injury to personal property. Usually, the clock starts running when the plaintiff suffers an injury. But this is not always the case.
Consumers are urged to use 311 to report fraud or other possible illegal practices by businesses or contractors located in Chicago. For home repair work done on a Chicago home, BACP will also investigate complaints against a business or contractor located outside the City.
Unfair methods of competition and unfair or deceptive acts or practices, including but not limited to the use or employment of any deception fraud, false pretense, false promise, misrepresentation or the concealment, suppression or omission of any material fact, with intent that others rely upon the concealment, ...
(These practices are commonly called misleading or unfair business practices.) They include false advertising, misrepresentation, tied selling, and failing to comply with regulations. Under consumer protection laws, they are illegal and can lead to compensatory or punitive damages.
