Fair Trading Act.

Question 1

What is puffery ?

Answer 1

Puffery is statements that are so ridiculous hat no one could possibly believe them.

Question 2

What does the fair trading act cover ?

Answer 2

The fair trading act covers all advertising and selling of goods and services by people in trade.

Question 3

What does the fair trading act not cover ?

Answer 3

The fair trading act does not cover private sales.

Question 4

What does the fair trading act prohibit ?

Answer 4

. Misleading and deceptive conduct
. False Representations
. Unfair Practices

Question 5

What is misleading or deceptive conduct ?

Answer 5

You have been misled if the information you receive about

goods or services gives you a false impression.

Question 6

What is false representations ?

Answer 6

You have had a false representation made to you when the information you receive about goods or services is not true.

Question 7

What is unfair trading practices ?

Answer 7

An unfair practice is a selling method which is misleading or unfair.

Question 8

What is a raincheck ?

Answer 8

A retailer can offer you raincheck. This means the shop will get more of the product they ran out of or a product of similar quality and value and sell it to you at the special advertised price. It’s a good idea to ask for a raincheck.

Question 9

What does Cavet Emptor mean ?

Answer 9

Let the buyer beware. The consumer has the responsibility to be wise and careful when choosing to buy a good or service.

Question 10

3 examples of misleading or deceptive conduct.

Answer 10

.Advertisements misleading you about a product. e.g. Brass Bed heads are actually Brass Plated.
.A salesman not telling you about a good or service when you ask a question or statement. e.g. Does the car burn oil. .A false impression about a job you are applying for.

Question 11

3 examples of false representation.

Answer 11

. Advertising one price but charging a higher one
. Products labelled incorrectly e.g made in France label but made in Korea
. No refund sings in shops
. Failing to provide the service you state e.g. city wide repairs

Question 12

3 unfair trading practice examples.

Answer 12

. Offering prizes without intending to supply as stated.
. Bait advertising
. Pyramid Selling
. Taking money without intending to supply good or service.