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15 U.S.C. § 70h — Guaranty
Federal law — U.S. Code and appendices · legal_authorities
**(a) Avoidance of liability; requirements** No person shall be guilty of an unlawful act under [section 70a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section70a&num=0&edition=prelim) if he establishes a guaranty received in good faith, signed by and containing the name and address of the person residing in the United States by whom the textile fiber product guaranteed was manufactured or from whom it was received, that said product is not misbranded or falsely invoiced under the provisions of this subchapter. Said guaranty shall be (1) a separate guaranty specifically designating the textile fiber product guaranteed, in which case it may be on the invoice or other paper relating to said product; or (2) a continuing guaranty given by seller to the buyer applicable to all textile fiber products sold to or to be sold to buyer by seller in a form as the Commission, by rules and regulations, may prescribe; or (3) a continuing guaranty filed with the Commission applicable to all textile fiber products handled by a guarantor in such form as the Commission by rules and regulations may prescribe.
**(b) Furnishing false guaranty** The furnishing of a false guaranty, except where the person furnishing such false guaranty relies on a guaranty to the same effect received in good faith signed by and containing the name and address of the person residing in the United States by whom the product guaranteed was manufactured or from whom it was received, is unlawful, and shall be an unfair method of competition, and an unfair and deceptive act or practice, in commerce, within the meaning of the Federal Trade Commission Act [[15 U.S.C. 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section41&num=0&edition=prelim) et seq
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Source file: Laws/federal/codes/united-states-code/title-15/section-70h-guaranty--75117be2aa.md
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Source location: Title 15, Chapter 2, § 70h; chapter-002-federal-trade-commission-promotion-of-export-trade-and-prevention-of-unfair-methods-of-competition.md
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**(a) Avoidance of liability; requirements** No person shall be guilty of an unlawful act under [section 70a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section70a&num=0&edition=prelim) if he establishes a guaranty received in good faith, signed by and containing the name and address of the person residing in the United States by whom the textile fiber product guaranteed was manufactured or from whom it was received, that said product is not misbranded or falsely invoiced under the provisions of this subchapter. Said guaranty shall be (1) a separate guaranty specifically designating the textile fiber product guaranteed, in which case it may be on the invoice or other paper relating to said product; or (2) a continuing guaranty given by seller to the buyer applicable to all textile fiber products sold to or to be sold to buyer by seller in a form as the Commission, by rules and regulations, may prescribe; or (3) a continuing guaranty filed with the Commission applicable to all textile fiber products handled by a guarantor in such form as the Commission by rules and regulations may prescribe.
**(b) Furnishing false guaranty** The furnishing of a false guaranty, except where the person furnishing such false guaranty relies on a guaranty to the same effect received in good faith signed by and containing the name and address of the person residing in the United States by whom the product guaranteed was manufactured or from whom it was received, is unlawful, and shall be an unfair method of competition, and an unfair and deceptive act or practice, in commerce, within the meaning of the Federal Trade Commission Act [[15 U.S.C. 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section41&num=0&edition=prelim) et seq.].
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Federal law — U.S. Code and appendices · legal_authorities
This subchapter may be cited as the “Federal Trade Commission Act”.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 58
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Introduction or manufacture for introduction into commerce, sale, advertising or offering for sale in commerce** The introduction, delivery for introduction, manufacture for introduction, sale, advertising, or offering for sale, in commerce, or the transportation or causing to be transported in commerce, or the importation into the United States, of any textile fiber product which is misbranded or falsely or deceptively advertised within the meaning of this subchapter or the rules and regulations promulgated thereunder, is unlawful, and shall be an unfair method of competition and an unfair and deceptive act or practice in commerce under the Federal Trade Commission Act [[15 U.S.C. 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section41&num=0&edition=prelim) et seq.].
**(b) Sale, offering for sale, advertising, delivery, transportation of products advertised for sale in commerce** The sale, offering for sale, advertising, delivery, transportation, or causing to be transported, of any textile fiber product which has been advertised or offered for sale in commerce, and which is misbranded or falsely or deceptively advertised, within the meaning of this subchapter or the rules and regulations promulgated thereunder, is unlawful, and shall be an unfair method of competition and an unfair and deceptive act or practice in commerce under the Federal Trade Commission Act [[15 U.S.C. 41](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section41&num=0&edition=prelim) et seq.].
**(c) Sale, offering for sale, advertising, delivery, transportation of products after shipment in commerce** The sale, offering for sale, advertising, delivery, transportation, or causing to be transported, after shipment in commerce, of any textile f
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 70a
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Federal law — U.S. Code and appendices · legal_authorities
A commission is created and established, to be known as the Federal Trade Commission (hereinafter referred to as the Commission), which shall be composed of five Commissioners, who shall be appointed by the President, by and with the advice and consent of the Senate. Not more than three of the Commissioners shall be members of the same political party. The first Commissioners appointed shall continue in office for terms of three, four, five, six, and seven years, respectively, from September 26, 1914, the term of each to be designated by the President, but their successors shall be appointed for terms of seven years, except that any person chosen to fill a vacancy shall be appointed only for the unexpired term of the Commissioner whom he shall succeed: Provided, however, That upon the expiration of his term of office a Commissioner shall continue to serve until his successor shall have been appointed and shall have qualified..11 So in original. The President shall choose a chairman from the Commission’s membership. No Commissioner shall engage in any other business, vocation, or employment. Any Commissioner may be removed by the President for inefficiency, neglect of duty, or malfeasance in office. A vacancy in the Commission shall not impair the right of the remaining Commissioners to exercise all the powers of the Commission.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 41
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Federal law — U.S. Code and appendices · legal_authorities
Page 48
TITLE 15—COMMERCE AND TRADE
§ 41
1 So in original.
Sec.
74.
Rules and regulations.
75.
Retaliation against country prohibiting im-
portations.
76.
Retaliation against restriction of importa-
tions in time of war.
77.
Discrimination against neutral Americans in
time of war.
SUBCHAPTER I—FEDERAL TRADE
COMMISSION
§ 41. Federal Trade Commission established;
membership; vacancies; seal
A commission is created and established, to be
known as the Federal Trade Commission (here-
inafter referred to as the Commission), which
shall be composed of five Commissioners, who
shall be appointed by the President, by and with
the advice and consent of the Senate. Not more
than three of the Commissioners shall be mem-
bers of the same political party. The first Com-
missioners appointed shall continue in office for
terms of three, four, five, six, and seven years,
respectively, from September 26, 1914, the term
of each to be designated by the President, but
their successors shall be appointed for terms of
seven years, except that any person chosen to
fill a vacancy shall be appointed only for the un-
expired term of the Commissioner whom he
shall succeed: Provided, however, That upon the
expiration of his term of office a Commissioner
shall continue to serve until his successor shall
have been appointed and shall have qualified..1
The President shall choose a chairman from the
Commission’s membership. No Commissioner
shall engage in any other business, vocation, or
employment. Any Commissioner may be re-
moved by the President for inefficiency, neglect
of duty, or malfeasance in office. A vacancy in
the Commission shall not impair the right of the
remaining Commissioners to exercise all the
powers of the Commission.
The Commission shall have a
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 41
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 41. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 116
TITLE 15—COMMERCE AND TRADE
§ 70g
the meaning of the Federal Trade Commission
Act,
the Commission may bring suit in the district
court of the United States or in the United
States court of any Territory, for the district or
Territory in which such person resides or trans-
acts business, to enjoin the doing of such act
and upon proper showing a temporary injunction
or restraining order shall be granted without
bond.
(Pub. L. 85–897, § 8, Sept. 2, 1958, 72 Stat. 1721.)
Editorial Notes
REFERENCES IN TEXT
The Federal Trade Commission Act, referred to in
text, is act Sept. 26, 1914, ch. 311, 38 Stat. 717, which is
classified generally to subchapter I (§ 41 et seq.) of this
chapter. For complete classification of this Act to the
Code, see section 58 of this title and Tables.
§ 70g. Exclusion of misbranded textile fiber prod-
ucts
All textile fiber products imported into the
United States shall be stamped, tagged, labeled,
or otherwise identified in accordance with the
provisions of section 70b of this title, and all in-
voices of such products required pursuant to sec-
tion 1484 of title 19, shall set forth, in addition
to the matter therein specified, the information
with respect to said products required under the
provisions of section 70b(b) of this title, which
information shall be in the invoices prior to
their certification, if such certification is re-
quired pursuant to section 1484 of title 19. The
falsification of, or failure to set forth the re-
quired information in such invoices, or the fal-
sification or perjury of the consignee’s declara-
tion provided for in section 1485 of title 19, inso-
far as it relates to such information, is unlaw-
ful, and shall be an unfair method of competi-
tion, and an unfair and deceptive act or p
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 70h
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