§68g Guaranty

Summary

You are not held responsible under the misbranding rules if you can show you got a good-faith written guaranty. The guaranty must be signed and must include the name and U.S. address of the person who made the wool product or the person who gave it to you. The guaranty can be a single note that names the product (it may be on the invoice) or a standing guaranty filed with the Commission that covers all wool products handled by that guarantor in the form the Commission allows. If someone gives a false guaranty and has reason to believe the falsely guaranteed wool might be sold or moved in commerce, that person is committing an unfair and deceptive practice under the Federal Trade Commission Act. A person who relied in good faith on a similar signed guaranty from a U.S. maker or supplier is not treated as guilty.