California Business and Professions Code 18403 – It is unlawful for a manufacturer to sell or contract to sell motor …
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It is unlawful for a manufacturer to sell or contract to sell motor vehicles to a retailer on the condition or with an agreement or understanding, either express or implied, that the retailer shall finance the purchase or sale of motor vehicles only with or through a designated person or class of persons or shall sell and assign the conditional sales contracts, chattel mortgages or leases arising from the sale of motor vehicles only to a designated person or class of persons, when the effect of the condition, agreement or understanding so entered into may be to lessen competition, or tend to create a monopoly in the person or class of persons designated.
(Added by Stats. 1941, Ch. 44.)
Terms Used In California Business and Professions Code 18403
- Contract: A legal written agreement that becomes binding when signed.
- Manufacturer: means (i) . See California Business and Professions Code 18402
- Person: means any individual, firm, corporation, partnership, limited liability company, association, trustee, receiver or assignee for the benefit of creditors. See California Business and Professions Code 18402
- purchase: include exchange, barter, gift, and offer of contract to sell or buy. See California Business and Professions Code 18402
- Retailer: means any person who is engaged or who intends to engage in the business of selling motor vehicles at retail in this state. See California Business and Professions Code 18402