Fair Trade Act

Definitions (2)

1. Former piece of state legislation that sought to protect manufactures from unreasonable price cuts by allowing them to determine their own minimum retail prices. The act was later eliminated in 1975 by Congress.
2. Legislation enacted in 1986 that protects consumers from misleading or abusive practices by producers. The legislation covers a wide range of actions. Some of the major provisions cover misleading information and conduct, falsified information, and pyramid schemes.

Use Fair Trade Act in a sentence

You need to make sure that you are never doing anything that someone might say is going against the fair trade act.

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The Fair Trade Act was set to protect the businessman that are in the business of supplying as they needed to set certain prices to operate.

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The average person has been taking an economic beating the last 20 years, so we need to bring back laws like the Fair Trade Act to even things up a bit.

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