Pick one federal law (i.e. an \"act\") (e.g. Federal Trade Commission Act, CAN-S
ID: 360465 • Letter: P
Question
Pick one federal law (i.e. an "act") (e.g. Federal Trade Commission Act, CAN-SPAM Act, Telephone Consumer Protection Act, Telemarketing and Consumer Fraud & Abuse Prevention Act, Fair Packaging & Labeling Act, Federal Food, Drug, & Cosmetic Act, Consumer Product Safety Act, Food Safety Modernization Act, ECOA, TILA, FACT, FDCPA, FCRA, etc.) or a federal agency (e.g. FTC, FDA, etc.) that is mentioned in Chapter 44 (Textbook: Miller, LeRoy Roger, Frank B. Cross. Business Law 200. Mason, OH: Cengage, 2015) and explain why it is important and/or what it does in detail.
Explanation / Answer
Federal Trade Commision Act of 1914 organised the federal trade commision. Woodrow Wilson signed this act into law in 1913 . This law prohibits the practice of illegal business or trade thats going to effect the market . Federal Trade Commision performs an important function of protecting the rights of the customers as well as for the employment too