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''Federal Trade Commission v. Sperry & Hutchinson Trading Stamp Co.'', , is a 1972 decision of the United States Supreme Court holding that the Federal Trade Commission (FTC) may act against a company’s “unfair” business practices even though the practice is none of the following: an antitrust violation, an incipient antitrust violation, a violation of the “spirit” of the antitrust laws, or a deceptive practice. This legal theory is termed the "unfairness doctrine." == Background == The Sperry & Hutchinson Trading Stamp Co. (S&H) was in the business of issuing and "redeeming" S&H trading stamps. As explained in the Court’s opinion, trading stamps are a form of “scrip.” They can be used to purchase goods but only at a designated “store.” S&H sold the stamps to merchants, such as supermarket chains, and they “gave” the stamps to their customers, typically at the rate of one stamp for each ten cents' worth of purchases. The customers were instructed to paste the S&H stamps into booklets, and when they had accumulated enough booklets full of S&H stamps they could “redeem” them at an S&H redemption center for “gifts”—merchandise, such as golf clubs or blenders. S&H accounted for 40% of the US trading stamp business and more than 60% of US consumers saved S&H stamps; the industry annually issued 400 billion stamps to more than 200,000 stores, and they were distributed to the public in connection with retail sales of $40 billion. S&H placed restrictive notices in the booklets, advising consumers that they did not own the stamps, that their only right was to paste the stamps into the booklets and redeem booklets at an S&H redemption center, and that they could not buy, sell, or swap stamps.〔A notice on the inside cover of each booklet read: Neither the stamps nor the books are sold to merchants, collectors or any other persons, at all times the title thereto being expressly reserved in the Company. . . . The stamps are issued to you as evidence of cash payment to the merchants issuing the same. The only right which you acquire in said stamps is to paste them in books like this and present them to us for redemption. You must not dispose of them or make any further use of them without our consent in writing. . . . ()f the stamps or the books are transferred without our consent, we reserve the right to restrain their use by, or take them from other parties. It is to your interest that you fill the book, and personally derive the benefits and advantages of redeeming it.〕 Other trading stamp companies (such as Gold Bond) operated on a similar basis. S&H enforced the restrictions by suing merchants who “trafficked” in S&H stamps, for example, by accepting them in partial payment for merchandise. S&H also sued “trading stamp exchanges,” which were businesses that permitted consumers, for a fee, to swap one kind of stamp for another, in order to consolidate the consumers’ stamp holdings into one brand and thus more rapidly redeem their stamp holdings. Some consumers, the Court noted, “may seek to sell () stamps in order to use the resulting cash to make more basic purchases (food, shoes, etc.) than redemption centers normally provide.” S&H attempted to suppress all such “trafficking.”〔The Court noted: Between 1957 and 1965, by its own account, the company filed for 43 injunctions against merchants who redeemed or exchanged its stamps without authorization, and it sent letters threatening legal action to 140 stamp exchanges and 175 businesses that redeemed S&H stamps. In almost all instances, the threat or the reality of suit forced the businessmen to abandon their unauthorized practices.〕 The FTC sued S&H for this practice (among others) on the ground that this was unfair and oppressive to consumers. After administrative hearings, the FTC ordered S&H to stop interfering with consumers and trading stamp “traffickers” by trying to “suppress the operation of trading stamp exchanges and other ‘free and open’ redemption of stamps.” 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「FTC v. Sperry & Hutchinson Trading Stamp Co.」の詳細全文を読む スポンサード リンク
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