TICO Module 3 Exam | Questions with 100%
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Terms in this set (63)
representation 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: oral presentations, advertisements, brochures, and
websites.
Section 31 of the Regulation 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 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 (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: 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 include a registrant's business name, address, and
required to: registration number.
Registrants should not assume that TICO has specifically stated that the medium has
something is a limited medium time or space limitations.
unless:
For all forms of representation, any clear, comprehensible, and prominent
statement made about price must
be:
Prices can be shown in three ways. as a total price, including all fees, levies, service
They are: 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 provincial retail sales tax (PST), federal Goods and
in a price representation? Services Tax (GST) and Harmonized Sales Tax
(HST).
Representations must also include a any conditions that affect or limit the price offered,
comment about: regardless of the time or space limitations of the
medium used.
Where a base price plus tax option is printed adjacent or near the base price.
used in a representation, the total
amount of these charges must be:
Correct Answers | Verified | Latest Update 2026
Save
Terms in this set (63)
representation 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: oral presentations, advertisements, brochures, and
websites.
Section 31 of the Regulation 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 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 (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: 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 include a registrant's business name, address, and
required to: registration number.
Registrants should not assume that TICO has specifically stated that the medium has
something is a limited medium time or space limitations.
unless:
For all forms of representation, any clear, comprehensible, and prominent
statement made about price must
be:
Prices can be shown in three ways. as a total price, including all fees, levies, service
They are: 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 provincial retail sales tax (PST), federal Goods and
in a price representation? Services Tax (GST) and Harmonized Sales Tax
(HST).
Representations must also include a any conditions that affect or limit the price offered,
comment about: regardless of the time or space limitations of the
medium used.
Where a base price plus tax option is printed adjacent or near the base price.
used in a representation, the total
amount of these charges must be:
