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Tex. Bus. & Com. Code § 51.160

CONTENTS: SALES OR EARNINGS REPRESENTATION

Known as the Business Opportunity Act

The act spans §§ 51–51 (37 sections).

Applied in 1 court decision — leading case Sears Home Appliances Showrooms, LLC v. Appliance Alliance, LLC (2018)

Most recently applied in Sears Home Appliances Showrooms, LLC v. Appliance Alliance, LLC (June 2018)

Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff

If the seller makes a statement concerning sales or earnings that may be made through the business opportunity, the disclosure statement must contain a statement disclosing:

(1) the total number of purchasers of business opportunities involving the product, equipment, supplies, or services being offered who to the seller's knowledge have, not earlier than the third year before the date of the disclosure statement, actually achieved sales of or received earnings in the amount or range specified; and

(2) the total number of purchasers who, not earlier than the third year before the date of the disclosure statement, purchased business opportunities involving the product, equipment, supplies, or services being offered.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.