Fair Trading Act

Question 1

What does the fair trading act cover?

Answer 1

The Fair Trading Act covers all advertising and selling of goods and services by people in trade.

Question 2

What does the fair trading act not cover?

Answer 2

It does not cover private sales.

Question 3

What does the fair trading act prohibit?

Answer 3

Misleading and deceptive conduct
False representation
unfair practices

Question 4

What is the definition of misleading or deceptive conduct?

Answer 4

misleading or deceptive conduct is if the information you revise about goods or service give you a false impression

Question 5

What is the definition of false representation?

Answer 5

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

Question 6

What is the definition of unfair trading practice?

Answer 6

unfair trading practice is a selling method which is misleading and unfair.

Question 7

What is a rain check?

Answer 7

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

Question 8

What is puffery?

Answer 8

Puffery is a statement that are so ridiculous that no one could possibly believe them.

Question 9

Give 3 examples of misleading or deceptive conduct?

Answer 9

1

Question 10

Give 3 examples of False representation?

Answer 10

Price are mis-advertised
false labels
no refund signs
promises that will not be kept

Question 11

Give 5 examples of unfair trading practices?

Answer 11

offering gift/prize without intending to supply then
bait advertising
misleading claims
pyramid schemes
Accepting payment without intention of supplying the goods