Consumer Fraud Act Does Not Apply to Sale of Ongoing Business
March 31st, 2009
On March 26, 2009, the Appellate Division decided in the case of 539 Absecon Boulevard v. Shan Enterprises, that New Jersey’s Consumer Fraud Act, N.J.S.A. 56:8-1, et seq., does not apply to the sale of an ongoing business. The Consumer Fraud Act was enacted by the New Jersey legislature to protect consumers from unconscionable business [...]
