The Federal Trade Commission is an independent agency of the U.S. government that was established in 1915 and charged with keeping American business competition free and fair. The FTC has no jurisdiction over banks and common carriers‚ which are under the supervision of other governmental agencies. It has five members‚ not more than three of whom may be members of the same political party‚ appointed by the President‚ with the consent of the Senate‚ for seven-year terms. The act was part of the program
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| Federal Trade Commission and the Act | Prepared for ASCM630.9040‚ Professor Charles Carey | Candy Mott-Harris 3/26/2012 | Contents ABSTRACT 2 HISTORY OF THE FEDERAL TRADE COMMISSION ACT 2 FALSE AND DECEPTIVE ADVERTISING 5 BAIT AND SWITCH ADVERTISING/TACTICS 8 CONSUMER FRAUD 10 IDENTIFYING‚ VERIFYING AND PREVENTING DECEPTION 12 CLOSING STATEMENTS ABOUT THE FEDERAL TRADE COMMISSION 13 BIBLIOGRAPHY 14 ABSTRACT The paper will serve as a historical background overview
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Brief Kraft‚ Inc. v. Federal Trade Commissio Plaintiff/Appellant: Federal Trade Commission (FTC) Defendant/Appellee: Kraft Inc. History: Federal Trade Commission instituted a deceptive advertising proceeding against Kraft Inc. Kraft was instructed to terminate certain ads due to false advertising. Facts: In March 1987‚ Kraft added a subscript on the television commercial and as a footnote in the print media version‚ the disclosure that “one ¾ ounces slice has 70% of the calcium of five ounces
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In the given case‚ the Federal Trade Commission claimed that Texas Surgeons Independent Practice Association(IPA) of 26 general surgeons in the Austin‚ Texas and six competing medical practice groups who are the members of this association (the respondents)‚ Texas Surgeons P.A. ("Texas Surgeons")‚ Austin Surgeons‚ P.L.L.C. ("AS")‚ Austin Surgical Clinic Association‚ P.A. ("ASCA")‚ Bruce McDonald & Associates‚ P.L.L.C. ("BM&A")‚ Capital Surgeons Group‚ P.L.L.C. ("CSG")‚ Central Texas Surgical Associates
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What is the Federal Trade Commission’s merger test pursuant to the Clayton Act? Why have most mergers passed this test? Can you think of any mergers that were disapproved by the government? Why? (based on Legal Challenges text Chapter 20 and Business Ethics text Chapter 16‚ Part III; tied to course competencies 1 and 2) The Federal Trade Commission’s merger test pursuant to the Clayton Act requires a showing of reasonable probability of a substantial lessening of competition. Therefor the mergers
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Assignment 2 The mission statement of the Federal Trade Commission (FTC) is “To prevent business practices that are anticompetitive or deceptive or unfair to consumers; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity” (About the FTC‚ n.d). The primary areas that FTC is responsible is making sure that the consumer is protected from unfair business practices to prevention of getting
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In the 1950 case of P. Lorillard Co. v. Federal Trade Commission‚ P. Lorillard Co.‚ the makers of Old Gold cigarettes‚ were ordered to “cease and desist from making certain representations found to be false in the advertising of its tobacco products (Warner‚ et al.‚ 2012‚ p. 950) From a practical perspective in the 1950’s caveat emptor‚ or “let the buyer beware” is not a fair or reasonable expectation. While the careful consumer could have looked at the article‚ the culture of the time was not anti-smoking
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The case Citizens United vs. Federal Election Commission was argued before the Supreme Court on March 24‚ 2009. Citizens United produced a political documentary that discussed whether Hillary Clinton would be a good president‚ however‚ the FEC stated that this was violating the Bipartisan Campaign Reform Act (BCRA). Although the film could have been shown in theaters‚ sold on DVDs‚ downloaded from the internet‚ and distributed in the form of a book‚ the producers could have faced five years in
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are targeted by deceptive advertising it is just a matter of how consumer savvy you are. Almost all companies are guilty of this crime‚ including Phillip Morris Tobacco‚ weight loss programs and even grocery stores just to name a few. Under both Federal and State law‚ an ad is unlawful if it tends to mislead or deceive even if it doesn’t actually fool anyone. If your ad is deceptive you’ll face legal problems whether you intended to mislead the customer or not. What counts is the overall impression
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come without strict opposition. Supporting references assist in discussing Federal Trade Commission case against the Grifols/Talecris merger. In regards to remaining cited material‚ references are provided. A footnote concludes this report‚ explaining the circumstances related to this project. UNIT 5 - OLIGOPOLIES AND MONOPOLISTIC COMPETITION - GRIFOLS/TALECRIS MERGER Part I After reviewing The Federal Trade Commission’s website at http://www.ftc.gov/bc/index.shtml and selecting one
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