§ 301.48a. Guaranties not received in good faith.
77 words·~1 min read·
/us/cfr/t16/s§ 301.48a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A guaranty shall not be deemed to have been received in good faith within the meaning of section 10(a) of the Act:
(a)Unless the recipient of such guaranty shall have examined the required label, required invoice and advertisement relating to the fur product or fur so guaranteed;
(b)If the recipient of the guaranty has knowledge that the fur or fur product guaranteed is misbranded, falsely invoiced or falsely advertised. \[26 FR 3188, Apr. 14, 1961\]