This is a brief excerpt from the document you requested from IFAR’s Art Law & Cultural Property Database.
Statute
Commerce and Trade, 15 U.S.C. § 45, (Federal Trade Commission Act) Unfair methods of competition unlawful; prevention by Commission
Citation
Federal Trade Commission Act, 15 U.S.C. § 45 (2007)
Summary
The Federal Trade Commission Act, 15 USC § 45, makes unfair methods of competition illegal. These include unfair and deceptive acts or practices affecting commerce. Section (m) allows the FTC to bring civil action against violators. The FTC can ask for injunctions and penalties for violating injunctions. Section (n) says the FTC has no authority under this section unless consumers are substantially harmed and the harm is not reasonably avoidable. Only the FTC is allowed to bring suit under this Act.
Click here to subscribe to IFAR's Art Law & Cultural Property Database to access this and other documents about U.S. and international legislation and case law concerning the acquisition, authenticity, export, ownership, and copyright of art objects.
