15 U.S.C. § 70h : US Code - Section 70H: Guaranty

Search 15 U.S.C. § 70h : US Code - Section 70H: Guaranty

(a) Avoidance of liability; requirements
No person shall be guilty of an unlawful act under section 70a 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 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 et seq.].