| 单词 | fair trade law |
| 释义 | > as lemmasfair trade law fair trade law n. (a) a law intended to ensure fair competition in trade; (b) U.S. (usually with capital initials) any of various laws setting out a system of resale sales maintenance (see resale n. Compounds 2) and intended to ensure fair competition among retailers (now chiefly historical).The first Fair Trade Law in the United States was enacted in California in 1931. All such laws were repealed by 1975. ΚΠ 1913 Paint, Oil & Drug Rev. 22 Oct. 20 In Sweden they have a so-called Fair Trade law which, while not particularly prohibiting price cutting, is aimed at special abuses, such as offering merchandise as premiums. 1937 Rotarian Sept. 24/2 [The law] says..that no retailer..shall be free to sell an article of recognized merit at a price below the retail price set by the manufacturer... Some 40 States have enacted such fair-trade laws. 1951 R. Cassady & W. L. Jones Nature of Competition in Gasoline Distribution at Retail Level 75 Reportedly, the effort to enforce contracts under the Fair Trade Law were abandoned in mid-1938. 1986 D. T. Armentano Antitrust Policy 50 The fair-trade laws legalized resale price maintenance contracts by exempting them from federal antitrust regulation. 1998 H.-C. Yu in J. J. Choi & J. A. Doukes Emerging Capital Markets xii. 152 The government [of China] promulgated the Fair Trade Law in February 1991, prohibiting manipulation of prices. < as lemmas |
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