TICO Module 3 (100% Accurate Answers)

representation correct answers a presentation of fact made in person, electronically, or in print in order to induce someone to act or enter into a contract. Examples of representations include: correct answers oral presentations, advertisements, brochures, and websites. Section 31 of the Regulation correct answers Registrants must ensure that any representations made on their behalf comply with the Act and Regulation. Therefore, all registrants must understand what is acceptable under the legislation. Written representations obligations correct answers examples such as newspaper advertisements, brochures, or websites, must contain the registrant's business name, address, and registration number. Residential phone numbers should not be included in written representations. Oral representations obligations correct answers (for example, a sales presentation) do not have to include the registrant's business name, address, and registration number Time and space limitations apply to: correct answers A representation displayed on a billboard or bus board or made through any other medium with similar time or space limitations Time and space limitations are not required to: correct answers include a registrant's business name, address, and registration number. Registrants should not assume that something is a limited medium unless: correct answers TICO has specifically stated that the medium has time or space limitations. For all forms of representation, any statement made about price must be: correct answers clear, comprehensible, and prominent Prices can be shown in three ways. They are: correct answers as a total price, including all fees, levies, service charges, and surcharges; as a base price plus a total for all fees, levies, service charges, and surcharges; or as a base price plus an itemized list of all fees, levies, service charges, and surcharges. What does not need to be included in a price representation? correct answers provincial retail sales tax (PST), federal Goods and Services Tax (GST) and Harmonized Sales Tax (HST). Representations must also include a comment about: correct answers any conditions that affect or limit the price offered, regardless of the time or space limitations of the medium used. Where a base price plus tax option is used in a representation, the total amount of these charges must be: correct answers printed adjacent or near the base price. The total price cannot be put in the: correct answers fine print