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Title 15, Commerce and TradeRelease 119-110

§68g Guaranty

Title 15 › CHAPTER 2 — FEDERAL TRADE COMMISSION; PROMOTION OF EXPORT TRADE AND PREVENTION OF UNFAIR METHODS OF COMPETITION › SUBCHAPTER III — LABELING OF WOOL PRODUCTS › § 68g

Last updated Sep 22, 2026|Official source

Summary

You are protected from liability if you have a written, signed guarantee that includes the name and address of a person living in the United States who made or supplied the wool and that says the wool is not misbranded. The guarantee can be a single paper tied to that shipment (for example, on the invoice) or a continuing guarantee filed with the Commission that covers all wool handled by that guarantor in the form the Commission requires. Giving a false guarantee is an unfair and deceptive trade practice under the Federal Trade Commission Act. But a person who honestly relied on a proper signed guarantee from a U.S. maker or supplier and had no reason to think the wool would be falsely put into commerce is not guilty.

Full Legal Text

Title 15, §68g

Commerce and Trade, Source: USLM XML via OLRC

(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.

Legislative History

Notes & Related Subsidiaries

Executive Documents

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, § 1, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1264, set out under section 41 of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 68g

Title 15, Commerce and Trade

Last Updated

Sep 22, 2026

Release point: 119-110