The Fair Trading Act
My assignment is on The Fair Trading Act.
What the Fair Trading Act does
The Fair Trading Act makes it illegal for businesses to mislead consumers, give them false information, or use unfair trading practices. It also promotes product safety and ensures consumers receive information they need when they buy goods and services.
It also sets out when information about certain products must be disclosed to consumers, and helps ensure products are safe.
The Act applies to everyone in trade. As well as traders and shops, the Act covers government agencies and state-owned enterprises. Most of the Act does not cover private sales.
How it effects making purchases over the internet
The internet has changed the way consumers…
A shop that sells new TVs sells you a TV without telling you it is second-hand.
A job advertisement turns out to be an employment agency looking for new clients.
You tell a mobile phone salesperson that you are looking forward to using wireless internet on the mobile phone, but he doesn’t tell you that the mobile phone doesn’t have that…
Demanding or accepting money when the business has no intention of supplying the goods or services, or doesn’t intend to supply them on time, or doesn’t intend to supply the same goods or services that were ordered.
General information and some issues about the fair trading act
If an item is advertised for sale at a particular price, but you get to the shop only to be told that there has been a mistake and the item is actually more expensive, the trader doesnt have to sell you the item for the advertised price. Theyre entitled to claim a genuine mistake was made.
The Fair Trading Act basically protects us from being ripped off or mislead. The Fair Trading Act is extremely important in today because of internet purchases. So if this rule wasn’t put in place many people would be being scammed, because it is so easy to mislead someone into buying something that is different from what they thought they were buying.
When information given to you about goods and services is not true, then a false claim has been made. For example, if you buy a shirt with a “Made in New Zealand” label and find it actually came from a sweat shop in…