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Competitive - Law Dictionary Search Results

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Competitive

Of or pertaining to competition producing competition competitory as a competitive examination...


Competitive bidding

Competitive bidding, anything done in or about the place where a sale of goods by way of competitive bidding is held, if done in connection with the sale, must be taken to be done during the course of it, whether it is done at the time when any articles are being sold or offered for sale by way of competitive bidding or before or after any such time, Mock Auctions Act, 1961, s. 3(5) (UK), Halsbury's Laws of England, Vol. 2, para 943, p. 459....


unfair competition

unfair competition : the common-law tort of passing off one's goods as another's ;broadly : any of various torts (as disparagement) that interfere with the business prospects of a competitor or injure consumers ...


Thesaurus competit domino regi, et non domino libertatis, nisi sit per verba specialia

Thesaurus competit domino regi, et non domino libertatis, nisi sit per verba specialia. Fitz. Coron. 281.-(A treasure belongs to the king, and not to the lord of a liberty, unless it be through special words.)...


Thesaurus non competit regi, nisi quando nemo scit qui abscondit thesaurum

Thesaurus non competit regi, nisi quando nemo scit qui abscondit thesaurum (3 Inst. 132), treasure does not belong to the king, unless no one knows who hid it...


Commission, the promoter's

Commission, the promoter's, means the amount by which the aggregate total stakes in all the competitions exceeds the sum of (1) the aggregate prize in the competitions; (2) the aggregate pool betting duty payable in respect of the competitions; and (3) the expenses of the promoter actually incurred by him in the conduct of the competitions, excluding any expenses properly chargeable to capital and any interest on borrowed money, and in particular, excluding any provision for the depreciation of building or equipment, any emoluments payable to the promoter, or, if the promoter is a partnership, to any of the partners, or, if the promoter is a body corporate, to any of the directors, and in any case any emoluments payable to any person whose emoluments depends to any extent on the profits of the promoter, Betting, Gaming and Lotteries Act, 1963, s. 4(3), Sch. 2, para 23(2) (UK) Halsbury's Laws of England, Vol. 4(1), para 116, p. 84....


Goodwill

Goodwill, may be the whole advantage belonging to the firm, its reputation as also connection thereof. It, thus, means that every affirmative advantage as contrasted with negative advantage that has been acquired in carrying on the business whether connected with the premises of business or its name or style, everything connected with or carrying the benefit of the business, Ramnik Vallabhdas Madhwani v. Taraben Pravinlal Madhwani, (2004) 1 SCC 407: AIR 2004 SC 1084 (Partnership Act, 1932, s. 55).A business's reputation, patronage, and other intan-gible assets that are considered when apprising the business, esp. for purchase; The ability to earn income in excess of the an come that would be expected from the business veined as a mere collec-tion of assets, Black's Law Dictionary, 7th Edn., p. 703.The advantage or benefit which is acquired by a business, beyond the mere value of the capital, stock, funds, or property employed therein, incon-sequence of the general public patronage and ...


Gambling

Gambling, a prize competition for which a solution was prepared beforehand is clearly a gambling prize competition, State of Bombay v. R.M.D. Chaurarabangwala, AIR 1957 SC 699 (707). [Bombay Lotteries and Prize Competitions Control and Tax Act, (54 of 1948), s. (1) (d)]The act of rising something of value, esp. money, for a chance to win a prize, Black's Law Dictionary, 7th Edn., p. 687....


Restrictive trade practice

Restrictive trade practice, means a trade practice which tends to bring about manipulation of price or its conditions of delivery or to affect flow of supplies in the market relating to goods or services in such a manner as to impose on the consumers unjustified costs or restrictions and shall include--(a) delay beyond the period agreed to by a trader in supply of such goods or in providing the services which has led or is likely to lead to rise in the price.(b) Any trade practice which requires a consumer to buy, hire or avail of any goods or, as the case maybe, services as condition precedent to buying, hiring or availing of other goods or services. [The Consumer Protection Act, 1986 (68 of 1986), s. 2 (1) (nnn)]The definition of restrictive trade practice is an exhaustive and not an inclusive one. The decision whether trade practice is restrictive or not has to be arrived at by applying the rule of reason and not on the doctrine that any restriction as to area or price will per se b...


federal trade commission (ftc)

federal trade commission (ftc) The agency of the federal government that seeks to promote free and fair competition in interstate commerce through prevention of trade restraints such as price-fixing agreements, false advertising, illegal combinations of competitors and other unfair methods of competition. Source: FindLaw ...


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