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Review Acts/Laws

AB
Clayton ActIllegal for a business to require a customer to buy exclusively from it
Sherman Actillegal for competitors to get together and set prices
Wheeler-Lea Actbans unfair or dectpive action by businesses that may cause an unfair competitive advantage and required to warn consumers about possible negative effects
Robinson-Patman Actprotects small business from unfair pricint practices. Illegal to discriminate by charging different prices to customers.
Federal Trade Commission (FTC)Deals with issues such as false advertising, price discrimination and misrepresentation
Antitrust Division of the Justice Departmenttakes action against those trying to monopolize an industry
Food, Drug and Cosmetic Actbans the sale of inpure, improperly labeled, and unhealthy foods
Zoning LawsControl of what types of building can be built in specific areas
Consumer Product Safety Actsets safety standards for products other an food and drugs
Truth in Lending Actrequires all banks to calculate credit the same way
Fair Credit Billing ActHelps correct credit card billing errors


Nation Ford High School
SC

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