Fair Trading Act.

Question 1

What is Puffery ??

Answer 1

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

Question 2

What does the fair trading act cover ??

Answer 2

Covers all advertising and selling of goods and services by people in the trade.

Question 3

What does the fair trading act not cover ??

Answer 3

It 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 mislead in the information you receive about goods or services gives you a false impression>

Question 6

What is false representation ??

Answer 6

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

Question 7

What is unfair trading practices ??

Answer 7

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

Question 8

What is a rain check ??

Answer 8

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

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 mislead you eg brass bed heads that are only brass plated.
• A salesmen not telling you about a good or service when you ask a question or statement. Eg: does the car burn oil?
• A false impression about a job you’re applying for.