Abstract. We determine the general solutions f : R 2 → R of the functional equation f (ux−vy, uy +v(x+y)) = f (x, y)f (u, v) for all x, y, u, v ∈ R. We also investigate both bounded and unbounded solutions of the functional inequality |f (ux − vy, uyfor all x, y, u, v ∈ R, where φ : R 2 → R + is a given function.