Legal Definition and Related Resources of Unfair Method Of Competition

As used in Federal Trade Commission Act, the phrase has broader meaning than common law term unfair competition, must but its scope cannot be precisely defined and what constitutes unfair methods of competition, must be determined in particular instance upon evidence in light of particular competitive conditions and of what is found to be a specific and substantial public interest. See 15 U.S.C. §45. Also see Schechter Poultrv Corp. v U.S., 295 U.S. 495, 55 S.Ct. 837, 79 L.Ed. 1570.

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Unfair Method Of Competition in Historical Law

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