Trade Commission Act

Trade Commission Act
A federal statute, enacted in 1914, establishing the Federal Trade Commission, declaring unfair methods of competition and unfair or deceptive acts or practices in commerce to be unlawful, and empowering the Trade Commission to prevent the use of such methods, acts, or practices. 15 USC §§ 41 et seq.; 52 Am J1st Tradem § 198. The act of February 9, 1893, passed by Congress to prevent persons, partnerships, or corporations from using unfair methods of competition in commerce between the states and with foreign nations, between the District of Columbia and any state, territory, or foreign nation and within the District of Columbia. Federal Trade Com. v Klesner, 274 US 145, 71 L Ed 972, 47 S Ct 557.

Ballentine's law dictionary. . 1998.

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