Fair Trading Act Flashcards
What does the fair trading act cover?
All advertising and selling of goods and services by people in trade.
What does the fair trading act not cover?
It does not cover private sales.
What does the fair trading act prohibit?
Misleading or deceptive conduct.
False representation.
Unfair trading practices.
What is the definition of misleading or deceptive conduct?
If the information you recieve about the goods or services gives you a false impression.
What is the definition of false representation?
When the information you recieve about goods or services is not true.
What is the definition of unfair trading practices?
Selling method which is misleading or unfair.
What is a raincheck?
A retailer can offer you a ‘raincheck’. This means they will get more of the product they ran out of or a product similar quality and value and sell it to you at the special advertised price. Its a good idea to ask for a ‘raincheck’.
What is puffery?
Statements that are so ridiculous, no one can believe them.
Give three example of misleading or deceptive conduct.
Advertisements not fully disclosing the full details of good or service.
Not telling you something when you ask them and they know the answer.
Giving a false impression about a good or service by the advertisement.
Three examples of false representation.
Prices are mis - advertised.
False labels.
No refunds.
Promises that will bot be kept.
Give examples of Unfair trading and practices.
Offering prises without intending to supply them.
Bait advertising.
Misleading claims.
Pyramid schemes.
Accepting payment and without intention supplying the goods.
