Competition Act C-34
1) What is the interpretation of the Competition Act? The purpose of this Act is to maintain and encourage competition in Canada in order to promote the efficiency and adaptability of the Canadian economy, in order to expand opportunities for Canadian participation in world markets while at the same time recognizing the role of foreign competition in Canada, in order to ensure that small and medium-sized enterprises have an equitable opportunity to participate in the Canadian economy and in order to provide consumers with competitive prices and product choices.
2) What is meant by false or misleading advertising? False advertising is the use of deliberately false statements or deception in advertising, in order to gain a commercial advantage. As advertising has the potential to persuade people into commercial transactions that they might otherwise avoid, many governments around the world use regulations to control false, deceptive or misleading advertising.
3) Explain ‘unfair competition practices’ and give an example. Unfair competition in commercial law can refer to any of various distinct areas of law which may give rise to distinct criminal offences and civil causes of action:
▪ Matters pertaining to antitrust law, known in the European Union as competition law.
▪ Unfair business practices such as fraud, misrepresentation, tortious interference, and unconscionable contracts and business practices. In the European Union, each member state must regulate unfair business practices in accordance with the principles laid down in the Unfair Commercial Practices Directive, subject to transitional periods.
▪ Trademark infringement and passing off. In the United States, this form of unfair competition is governed by the Lanham Act.
▪ Misappropriation of trade secrets. In the United States, this type of activity is forbidden by the Uniform Trade Secrets Act and the Economic Espionage Act of 1996....