Fair Trading Act

Question 1

What is Puffery?

Answer 1

Puffery is statements that are so ridiculous that no-one could possibly believe them. The consumer “let the buyer beware” applies to anyone stupid enough to buy the said product for the sole reason of growing wings.

Question 2

What does the fair trading act cover? this one

Answer 2

The fair trading act applies to business people but does not cover private people. eg trade me

Question 3

What does the fair trading act prohibit? this one

Answer 3

The act prohibits misleading and deceptive conduct
false representations
unfair practices

Question 4

What is misleading or deceptive conduct

Answer 4

You have been misled if the information u receive about goods or services gives you a false impression.

Question 5

What is unfair trading practices

Answer 5

An unfair practice is a selling method which is misleading or unfair. Some of the following practices are illegal under the Fair trading act.

Question 6

What is a rain check

Answer 6

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

Question 7

What does Cavet Emptor mean?

Answer 7

Let the buyer beware. The consumer has the responsibility

to be wise and carful when choosing to buy a good or service.

Question 8

3 examples of Misleading deceptive conduct

Answer 8

Advertisements misleading you about a product e.g a brass bed head are actually brass plated
A salesmen not telling you about a good service when you ask a question or statement.
A false impression about a job you are applying for

Question 9

3 examples of false representation

Answer 9

Advertising 1 price but charging a higher one.
Products labelled incorrectly e.g made in Korea
No refund signs in shop
Failing to provide the service you stae e.g city wide

Question 10

Unfair trading practice examples

Answer 10

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