TICO Module 3 Exam Questions with
Complete Solutions8
representation - 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: - ANSWERS-oral presentations, advertisements, brochures,
and websites.
Section 31 of the Regulation - 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 - 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 - 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: - 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: - ANSWERS-include a registrant's business
name, address, and registration number.
Registrants should not assume that something is a limited medium unless: - 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: - ANSWERS-clear,
comprehensible, and prominent
Prices can be shown in three ways. They are: - 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? - ANSWERS-provincial retail sales
tax (PST), federal Goods and Services Tax (GST) and Harmonized Sales Tax (HST).
Representations must also include a comment about: - 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: - ANSWERS-printed adjacent or near the base price.
The total price cannot be put in the: - ANSWERS-fine print
If the additional fees and charges are shown only in the fine print, it will: - ANSWERS-not meet
the legal requirements
Section 33 of the Regulation - ANSWERS-Price in representations
it is not acceptable to show a price as: - ANSWERS-open-ended, without an upper limit, because
doing so could be misleading.
Complete Solutions8
representation - 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: - ANSWERS-oral presentations, advertisements, brochures,
and websites.
Section 31 of the Regulation - 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 - 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 - 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: - 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: - ANSWERS-include a registrant's business
name, address, and registration number.
Registrants should not assume that something is a limited medium unless: - 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: - ANSWERS-clear,
comprehensible, and prominent
Prices can be shown in three ways. They are: - 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? - ANSWERS-provincial retail sales
tax (PST), federal Goods and Services Tax (GST) and Harmonized Sales Tax (HST).
Representations must also include a comment about: - 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: - ANSWERS-printed adjacent or near the base price.
The total price cannot be put in the: - ANSWERS-fine print
If the additional fees and charges are shown only in the fine print, it will: - ANSWERS-not meet
the legal requirements
Section 33 of the Regulation - ANSWERS-Price in representations
it is not acceptable to show a price as: - ANSWERS-open-ended, without an upper limit, because
doing so could be misleading.
