Define: Cheap

Cheap
Cheap
Full Definition Of Cheap

The term “cheap” does not have a specific legal definition. In a general sense, it may refer to something that is low in cost or price. However, in a legal context, the term “cheap” may be used in various ways depending on the specific circumstances and the applicable laws. It is important to consider the context in which the term is used and any relevant legal principles or regulations that may apply.

Cheap FAQ'S
legal to sell cheap products?

Yes, it is legal to sell products at a lower price than competitors as long as the products meet safety and quality standards.

A company can be sued if their cheap products are found to be defective or unsafe, causing harm to consumers.

No, it is illegal to make false or misleading advertising claims, including advertising products as cheap when they are not.

No, there are no laws against selling products at a low price, as long as the products meet safety and quality standards.

Yes, it is legal to purchase products from overseas as long as they comply with import regulations and are not prohibited items.

No, it is not illegal to undercut competitors with lower prices, as long as the products meet safety and quality standards.

counterfeit products at a cheap price?
claim their products are cheap but they are not?

Yes, a company can be sued for false advertising if they make misleading claims about the price of their products.

No, it is illegal to sell expired products, regardless of the price.

No, there are no laws against selling products at a low price, even if it drives competitors out of business. However, antitrust laws may come into play if a company engages in anti-competitive behavior.

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Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 4th April 2024.

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