California Business and Professions Code 18407 – It is unlawful for any lender to accept or contract or agree to …
Current as of: 2024 | Check for updates
|
Other versions
It is unlawful for any lender to accept or contract or agree to accept either directly or indirectly any subsidy or the benefit resulting from any discrimination made unlawful by this chapter from any manufacturer if the effect of the acceptance of any such subsidy or benefit may be to lessen competition or tend to create a monopoly in the person or class of persons who accepts such subsidy or who is benefited by such discrimination.
(Added by Stats. 1941, Ch. 44.)
Terms Used In California Business and Professions Code 18407
- Contract: A legal written agreement that becomes binding when signed.
- Lender: means any person other than an automobile dealer or automobile distributor who is engaged in the business of financing the purchase or sale of motor vehicles or of buying conditional sales contracts, chattel mortgages or leases on motor vehicles sold at retail within this state. See California Business and Professions Code 18402
- 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