Unfair Competition: Methods, Elements & Laws Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

How does the Uniform Deceptive Trade Practices Act differ from the Lanham Act?

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1. Identify which of the following is a profile in which the Federal Trade Commission should MOST aim to protect:

2. Maria answered an ad offering two tickets to a movie for just $10. When she went to the box office to buy the tickets, she was told those were matinee tickets and were sold out. She was offered only evening tickets for $10 each. Why is this an example of bait and switch?

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About This Quiz & Worksheet

Anyone who operates a business, whether it is large or small, may find themselves facing a competitor who engages in what is legally recognized as unfair competition. Some of the methods that constitute unfair competition that are covered in this quiz and interactive worksheet include deceptive advertising, unfair trade practices, trademark infringement and misappropriation of trade secrets.

Quiz & Worksheet Goals

In these assessments, you'll be tested on key legal principles related to unfair competition, including:

  • The uniform act on deceptive trade practices
  • The name of the federal agency responsible for overseeing that competition is fair in the business realm
  • The type of unfair competition that is committed when a competitor sells an unauthorized copy of a name-brand product
  • The type of unfair competition that is committed when a competitor advertises one product as a great deal and provides a cheaper, less valuable product instead
  • The type of unfair competition that is committed when a valuable idea or method unique to one business is taken without permission by a competitor and used to enhance the competitor's business

Skills Practiced

  • Defining key concepts - ensure that you can accurately define main phrases, such as misappropriation of trade secrets, trademark infringement and deceptive advertising
  • Distinguishing differences - compare and contrast topics from the lesson, such as unfair competition and unfair trade practices
  • Critical thinking - apply relevant concepts to examine the elements that constitute misappropriation of trade secrets in a different light
  • Knowledge application - use your knowledge to answer questions about the Federal Trade Commission's responsibilities

Additional Learning

To learn more about unfair competition, review the accompanying lesson about the characteristics of unfair competition in business law. This lesson covers the following objectives:

  • Understand the principles of unfair competition and unfair trade practices
  • Identify the types of unfair competition
  • Understand trademark infringement
  • Know what a trade secret is
  • Understand what constitutes deceptive advertising
  • Differentiate between the Uniform Deceptive Trade Practices act and the Lanham Act
  • Know what the Federal Trade Commission does
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