Argentina's Secretariat for the Defense of Competition and the Consumer.

Argentina's Secretariat Secretariat, 1970–89, thoroughbred race horse. Trained by Lucien Laurin and ridden by Ron Turcotte, Secretariat won the Kentucky Derby, Preakness, and Belmont Stakes to capture the Triple Crown in 1973.

Secretariat

(foaled 1970) U.S. for the Defense of Competition and the Consumer ordered companies who have service contracts with their clients, including utility and credit card companies, to remove "abusive Tending to deceive; practicing abuse; prone to ill-treat by coarse, insulting words or harmful acts. Using ill treatment; injurious, improper, hurtful, offensive, reproachful. " clauses within 60 days. The abusive clauses include provisions that allow the company to alter the contract unilaterally u·ni·lat·er·al
adj.
1. Of, on, relating to, involving, or affecting only one side: "a unilateral advantage in defense" New Republic.

2. and restrict the consumer's right to file lawsuits. Companies that violate the ruling could face a fine of U55170,000.

COPYRIGHT 2003 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:	rules that companies with service contracts remove 'abusive' clauses within 60 days
Comment:	Argentina's Secretariat for the Defense of Competition and the Consumer.(rules that companies with service contracts remove 'abusive' clauses within 60 days)
Publication:	Latin Trade
Article Type:	Brief Article
Geographic Code:	3ARGE
Date:	Jul 1, 2003
Words:	66
Previous Article:	Anheuser-Busch, a giant U.S. brewer, will appeal in Chile's Santiago Court of Appeals the Chilean securities regulator's decision to allow Dutch...
Next Article:	Mexico's Congress.(approves partial smoking ban)(Brief Article)
Topics:	Business enterprises Laws, regulations and rules Risk assessment

Related Articles
CAS applicability, coverage and disclosure. (cost accounting standards)
Supreme Court Holds Alabama Foreign Franchise Tax Unconstitutional TEI, Others Had Urged Court to Invalidate Tax.
Trashing the First Amendment. (Church And State).(Brief Article)
Office of the under secretary of defense: 3000 defense pentagon Washington, D.C. 20301-3000.(Policy & Legislation)
Defense FAR Supplement (DFARS) Change Notice 20040223.(Policy & Legislation)(Federal Acquisition Regulations)
Office of the Under Secretary of Defense.(POLICY & LEGISLATION)
Federal Acquisition Circular 2001-24 (June 18, 2004).(POLICY & LEGISLATION)
Supreme court weighs enforcement of arbitration clause in 'payday' loans.
When arbitration subverts democracy: by blocking access to the courts, mandatory arbitration and separability undermine the rule of law.
Charlotte Cuno, et al., Plaintiffs-Appellants v. DaimlerChrysler Corp., et al., Defendants-Appellees: on appeal from the United States District Court...