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LSDefine

Simple English definitions for legal terms

FTC

Read a random definition: credit memorandum

A quick definition of FTC:

The FTC is a group of people who work for the government to make sure that companies and people are being fair and honest when they sell things. They also make sure that companies don't become too powerful and take over other companies. The FTC has different parts that help them do their job, like making rules and punishing people who break the rules. They also teach people about their rights when they buy things.

A more thorough explanation:

The Federal Trade Commission (FTC) is a government agency that was created in 1914 to enforce laws that protect consumers and promote competition in the marketplace. The FTC is made up of five Commissioners who are appointed by the President and confirmed by the Senate. Each Commissioner serves a seven-year term and no more than three Commissioners can belong to the same political party.

The FTC investigates and takes action against individuals or companies that engage in unfair, deceptive, or fraudulent practices that harm consumers. For example, the FTC may fine a company for violating a consumer's privacy or misleading them about a product's effectiveness. The FTC also educates consumers and businesses about their rights and responsibilities under the law.

The FTC enforces antitrust laws that prevent individuals or companies from using unfair methods of competition or engaging in practices that harm competition in the marketplace. For example, the FTC may challenge a merger between two companies that would create a monopoly and harm consumers by reducing competition.

The FTC works to ensure that consumers have access to a fair and competitive marketplace, and that businesses compete on a level playing field. By enforcing consumer protection and antitrust laws, the FTC helps to promote a healthy economy and protect consumers from harm.

FSBO | FTC franchise rule

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General

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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