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15 U.S.C. § 68g — Guaranty
Federal law — U.S. Code and appendices · legal_authorities
**(a) Avoidance of liability; requirements** No person shall be guilty under [section 68a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section68a&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 wool product guaranteed was manufactured and/or from whom it was received, that said wool product is not misbranded under the provisions of this subchapter. Said guaranty shall be either (1) a separate guaranty specifically designating the wool product guaranteed, in which case it may be on the invoice or other paper relating to said wool product; or (2) a continuing guaranty filed with the Commission applicable to all wool products handled by a guarantor in such form as the Commission by rules and regulations may prescribe.
**(b) Furnishing false guaranty** Any person who furnishes a false guaranty, except a person relying upon 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 wool product guaranteed was manufactured and/or from whom it was received, with reason to believe the wool product falsely guaranteed may be introduced, sold, transported, or distributed in commerce, is guilty of an unfair method of competition, and an unfair and deceptive act or practice, in commerce within the meaning of the Federal Trade Commission Act.
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Stable record: federal_law:legal_authorities:record_usc_f03779ede1b16bb535bf23c3
Source file: Laws/federal/codes/united-states-code/title-15/section-68g-guaranty--d3b865f5f9.md
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Source location: Title 15, Chapter 2, § 68g; 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 under [section 68a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section68a&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 wool product guaranteed was manufactured and/or from whom it was received, that said wool product is not misbranded under the provisions of this subchapter. Said guaranty shall be either (1) a separate guaranty specifically designating the wool product guaranteed, in which case it may be on the invoice or other paper relating to said wool product; or (2) a continuing guaranty filed with the Commission applicable to all wool products handled by a guarantor in such form as the Commission by rules and regulations may prescribe.
**(b) Furnishing false guaranty** Any person who furnishes a false guaranty, except a person relying upon 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 wool product guaranteed was manufactured and/or from whom it was received, with reason to believe the wool product falsely guaranteed may be introduced, sold, transported, or distributed in commerce, is guilty of an unfair method of competition, and an unfair and deceptive act or practice, in commerce within the meaning of the Federal Trade Commission Act.
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Federal law — U.S. Code and appendices · legal_authorities
The introduction, or manufacture for introduction, into commerce, or the sale, transportation, or distribution, in commerce, of any wool product which is misbranded within the meaning of this subchapter or the rules and regulations hereunder, 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; and any person who shall manufacture or deliver for shipment or ship or sell or offer for sale in commerce, any such wool product which is misbranded within the meaning of this subchapter and the rules and regulations hereunder is guilty of an unfair method of competition, and an unfair and deceptive act or practice, in commerce within the meaning of the Federal Trade Commission Act.
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 68a
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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 105
TITLE 15—COMMERCE AND TRADE
§ 68j
years prior to such importation, shall be
stamped, tagged, labeled, or otherwise identified
in accordance with the provisions of this sub-
chapter and all invoices of such wool products
required under the Act of June 17, 1930 (c. 497,
title IV, 46 Stat. 719), shall set forth, in addition
to the matter therein specified, the information
with respect to said wool products required
under the provisions of this subchapter, which
information shall be in the invoices prior to
their certification under said Act of June 17,
1930.
The falsification of, or failure to set forth,
said information in said invoices, or the fal-
sification or perjury of the consignee’s declara-
tion provided for in said Act of June 17, 1930, in-
sofar as it relates to said information, shall be
an unfair method of competition, and an unfair
and deceptive act, or practice, in commerce
under the Federal Trade Commission Act; and
any person who falsifies, or fails to set forth,
said information in said invoices, or who fal-
sifies or perjures said consignee’s declaration in-
sofar as it relates to said information, may
thenceforth be prohibited by the Commission
from importing, or participating in the importa-
tion of, any wool products into the United
States except upon filing bond with the Sec-
retary of the Treasury in a sum double the value
of said wool products and any duty thereon, con-
ditioned upon compliance with the provisions of
this subchapter.
A verified statement from the manufacturer
or producer of such wool products showing their
fiber content as required under the provisions of
this subchapter may be required under regula-
tions prescribed by the Secretary of the Treas-
ury.
(Oct. 14, 1940, ch. 871, § 8, 54 Stat. 1132
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 68g
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