Here's a brief summary of the rules.
Suppliers MUST NOT make false claims about:
- The nature of a product and its uses
- Whether something is new or used
- If something has been approved
- When or for how long it's available
- When it can be made available or delivered
- The price
- Warranties, guarantees and consumer rights
- Advertise goods for the real price
- Have enough stock to meet reasonably expected demand
- Disclose any limitations on the stock available
- Indicate how long the goods will be available
- Understand that if they fail to disclose how long something will be available, it must be available for one month
- Understand that if goods are not availed as advertised the consumer can cancel the purchase and get a refund.
When something is offered for sale:
- The information provided on goods for sale must be accurate, clear and complete
- The price must be displayed clearly
- The price must be displayed IN PULA
- They supplier must not charge the consumer more than the price displayed
If a supplier breaks these rules they can face a fine of up to P50,000, jail for up to 3 years, or both.