Business law Essay Example | Topics and Well Written Essays - 1000 words - 7

Business law - Essay Example Stanford Engineering, Inc. is engaging Cornell Code Corporation in an unhealthy and unfair competition through advertising. Stanford Engineering, Inc. makes a false claim against Cornell Code Corporation through an advertising campaign that seeks to market competitive software products. As a result, Cornell is losing its sales to Stanford based on the false claim against it. Stanford can be held liable in a number of ways for injuring Cornell’s reputation in business. To start with, Cornell clearly understands that Stanford’s claim is untrue, but this has actually affected its sales negatively. Cornell is justified to file a lawsuit against the advertiser, which in this case is Stanford Engineering, Inc. This lawsuit would be set to forbid and restrict Stanford from using Cornell in its advertising activities. Stanford is likely to be asked to refrain from involving Cornell Company in its advertising strategies. On the same note, Stanford would be required to desist from making any reference to Cornell in its line of business and operations. In other words, Cornell can seek to have Stanford prohibited to make any reference to it. This can actually take the notion that Stanford cannot refer to Cornell as its competitor in form of advertising until the underlying dispute is resolved. Another ground upon which Cornell can sue Stanford is demanding of reimbursement of sales lost due to false advertising. Cornell has lost significant sales due to Cornell’s false claims. Cornell can sue Stanford for damages. Stanford’s false advertising has led to loss of sales to Cornell. Fair competition is governed and controlled by provisions of law. Through these laws, Stanford could be made to reimburse Cornell’s losses in sales. Cornell is losing sales to Stanford due to the ruined reputation in the market. Stanford could be sued for defamation. Stanford is tarnishing Cornell’s reputation in a