A business is only as good as the service or product that it puts forth for consumers to utilize. In Tennessee, many individuals take pride in the quality of the goods and services that they offer to members of the community. When their standards are threatened by deceptive trade practices and other potentially fraudulent business practices, their reputations and livelihoods can be put at risk.
Deceptive trade practices are a collection of wrongful actions that can harm business entities. They involve dishonesty and perpetuating fraud on consumers and other business partners. This post will discuss some of the deceptive trade practices that the state of Tennessee recognizes, but as with all business law matters readers should speak with their attorneys about their concerns.
A deceptive trade practice may occur if a manufacturer lies about where a certain product was made, or if they lie about the status of a product as new or used. Businesses may not claim to sell the goods of others as their own as such a practice may constitute counterfeiting and criminal conduct. A deception may be inflicted upon a consumer if a business claims that it is going out of business but actually plans to stay open after the promoted sale.
Deceptive trade practices result in individuals paying more than they should for goods that they may not want. They can damage the success of honest entities that want to serve their customers’ needs in a lawful way. Luckily, the law has options to be made whole again.