§ 68g. — Guaranty.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC68g]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2--FEDERAL TRADE COMMISSION; PROMOTION OF EXPORT TRADE AND
PREVENTION OF UNFAIR METHODS OF COMPETITION
SUBCHAPTER III--LABELING OF WOOL PRODUCTS
Sec. 68g. Guaranty
(a) Avoidance of liability; requirements
No person shall be guilty under section 68a of this title 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.
(Oct. 14, 1940, ch. 871, Sec. 9, 54 Stat. 1132.)
Transfer of Functions
For transfer of functions of Federal Trade Commission, with certain
exceptions, to Chairman of such Commission, see Reorg. Plan No. 8 of
1950, Sec. 1, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1264, set out
under section 41 of this title.
Section Referred to in Other Sections
This section is referred to in sections 68e, 68h of this title.
