White v. Thompson

NEWBY, Justice.

This case presents the question whether the General Assembly intended unfair or deceptive conduct among partners contained solely within a single business to be “in or affecting commerce” such that a partner’s breach of his fiduciary duty owed to his fellow partners violates North Carolina’s unfair and deceptive practices act (“the Act”), N.C.G.S. § 75-1.1. With the Act our General Assembly sought to prohibit unfair or deceptive conduct in interactions *48between different market participants. The General Assembly did not intend for the Act to regulate purely internal business…