Garrard v. GATEWAY FINANCIAL SERVICES, INC.

DURHAM, Chief Justice:

INTRODUCTION

1 The Utah Legislature enacted the Unfair Practices Act, codified in Utah Code sections 18-5-1 to -18, to "safeguard the public against the creation or perpetuation of monopolies and to foster and encourage competition, by prohibiting unfair and discriminatory practices by which fair and honest competition is destroyed or prevented." Utah Code Ann. § 18-5-17 (2005). Similarly, the Federal Trade Commission Act declares "unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce" unlawful. 15…