Perishable Agricultural Commodities Trust Protection Plan: Hearing Before the Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices of the Committee on Agriculture, Nutrition, and Forestry, United States Senate, Ninety-eighth Congress, First Session on S. 2052 ... November 7, 1983
United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry. Subcommittee on Agricultural Production, Marketing, and Stabilization of Prices
U.S. Government Printing Office, 1984 - Commercial law - 83 pages
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accounts receivable action administration Agricultural Commodities Act amendment apply approximately arrangements assets Association bank bankruptcy believe benefit bill burden business failures buyer cash Chairman close commission committee contract cooperative costs court creditors dealers dealing Department effect established existing fair Farm farmer firms fresh fruits fresh produce fruit and vegetable funds give growers increased industry insolvency interest inventory legislation license losses maintain marketing merchants million necessary normal notice operations opportunity PACA Packers and Stockyards paid payment percent Perishable Agricultural Commodities practice present problems proceeds produce proposed protection purchase regulations representing result returned Secretary sell Senator Cochran Senator Melcher ship shippers situations Slavin slow pay statement statutory Stockyards Act suppliers Thank tion trading transactions trust assets trust provisions United Fresh Fruit unpaid seller Vegetable Association
Page 31 - (PACA) is to suppress unfair and fraudulent practices in the marketing of fresh and frozen fruits and vegetables and cherries in brine in interstate and foreign commerce. For this purpose, the Act establishes a code of fair
Page 83 - are patterned along the lines of those established for packers pursuant to Section 206 of the Packers and Stockyards Act, 1921, as amended (7 USC 196). It is believed that
Page 3 - [PACA] is to suppress unfair and fraudulent practices in the marketing of fresh and frozen fruits and vegetables and cherries in brine in interstate and foreign commerce.
Page 31 - Office of the General Counsel. We appreciate the opportunity to appear before your Committee today to present the views of the
Page 44 - day falls on a Saturday, Sunday, or holiday, the final day with respect to the time for filing a written notice of intent to preserve the benefit of the trust
Page 33 - requires traders to comply with the terms of their contracts. Sellers must ship the quantity and quality of produce specified. Buyers must accept shipments that meet contract terms and pay promptly after acceptance.
Page 78 - Act, 1930 (7 USC 499e) is amended by adding at the end 5 thereof a new subsection to read as follows: 6
Page 40 - for the benefit of all unpaid suppliers or sellers of such commodities or agents involved in the transaction, until full payment