Texas Business and Commerce Code 51.004 – Liberal Construction and Application
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(a) This chapter shall be liberally construed and applied to:
(1) protect persons against false, misleading, or deceptive practices in the advertising, offering for sale or lease, or sale or lease of business opportunities; and
(2) provide efficient and economical procedures to secure that protection.
(b) In construing this chapter, a court to the extent possible shall follow the interpretations given by the Federal Trade Commission and the federal courts to Section 5(a)(1), Federal Trade Commission Act (15 U.S.C. § 45(a)(1)), and 16 C.F.R. part 436 and their subsequent amendments.
Terms Used In Texas Business and Commerce Code 51.004
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC