TICO - Module 3 Questions And Answers 100% Correct

Representations - ANSWERpresentation of fact made in person, electronically, or in print in order to induce someone to act or enter into a contract Eg. - Oral presentations - Advertisements - Brochures - Websites Registrants & Representations - ANSWERRegistrants must ensure that any representations made on their behalf comply with the Act and Regulation They must understand what is acceptable under the legislation The main obligations of a registrant in making representations - ANSWERWritten Representations Oral Representations Written Representations - ANSWERnewspaper advertisements, brochures, or websites, must contain the registrant's business name, address, and registration number Residential phone numbers should not be included in written representation Oral Representation - ANSWERdo not have to include the registrant's business name, address, and registration number. eg. sales presentation Time & Space limitations - ANSWERA representation displayed on a billboard or bus board or made through any other medium with similar time or space limita- tions is not required to include a registrant's business name, address, and registration number Eg. highway billboard, bus shelter advertisement Prince in representations - ANSWERFor all forms of representation, any statement made about price must be clear, comprehensible, and prominent