Asked by
Monica Nyland
on Dec 18, 2024Verified
Cisco developed a carburetor for automobiles, which he called the "CiscoCarb." He advertised the carburetor in a national automobile magazine in a full-page advertisement under a caption that read: "Proven Performance-80 kilometres to a litre of gas in any car." The advertisement offered the carburetor for $100 on a 30-day, money back guarantee. If the advertisement was intended to read "8 kilometres to a litre" instead of the "80 kilometres to a litre," and Cisco immediately placed a correcting advertisement in the next issue of the magazine, he would not be in violation of the Competition Act.
Competition Act
Legislation designed to promote fair business practices and protect consumers by preventing monopolies and promoting competition.
- Attain insight into the elementary principles and crucial provisions of the Competition Act.
- Recognize the legal consequences of misleading or false advertising under the Competition Act.
Verified Answer
KT
Learning Objectives
- Attain insight into the elementary principles and crucial provisions of the Competition Act.
- Recognize the legal consequences of misleading or false advertising under the Competition Act.