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Restrictive Trade Practices With Examples In Michigan
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Hoarding or destruction of goods. Making false or misleading representation of facts disparaging the goods, services or trade of another person is also a restrictive trade practice under Indian law.
A business agreement between companies which controls prices or the areas in which goods are sold, preventing fair competition from other companies.
Sec. 3. (1) Unfair, unconscionable, or deceptive methods, acts, or practices in the conduct of trade or commerce are unlawful and are defined as follows: (a) Causing a probability of confusion or misunderstanding as to the source, sponsorship, approval, or certification of goods or services.
For example, in the construction industry, it is a trade practice to use certain specifications for the size, thickness, and quality of building materials. These specifications are commonly accepted and used by all businesses in the industry, ensuring consistency and quality in the final product.
The Michigan Consumer Protection Act (1976 PA 331) gives consumers, prosecutors, and the Attorney General a way to fight deceptive practices. This act prohibits many unfair and deceptive trade practices and gives prosecutors more power to enforce the law.
The offense of misconduct in office includes malfeasance, which is the doing of a wrongful act; misfeasance, which is the doing of a lawful act in a wrongful manner; and nonfeasance, which is the failure to perform an act required by the duties of the office.
This includes discrimination between customers by suppliers, exclusive dealing arrangements, and agreement or collusion to share out markets, either geographically or by products.