Hefty fine for a .................Sale above advertised price

Quote:

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Sale above advertised price

Section 74.05 of the Competition Act is a civil provision. It prohibits the sale or rent of a product at a price higher than its advertised price. The provision does not apply if the advertised price was a mistake and the error was immediately corrected.

If a court determines that a person has engaged in conduct contrary to section 74.05, it may order the person not to engage in such conduct, to publish a corrective notice and/or to pay an administrative monetary penalty of up to $750,000 in the case of a first time occurrence by an individual and $10,000,000 in the case of a first time occurrence by a corporation. For subsequent orders, the penalties increase to a maximum of $1,000,000 in the case of an individual and $15,000,000 in the case of a corporation.

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.............with sales through the internet, that are on the increase, the Canadian Government has instituted a whole set of rules to which these sellers have to adhere.

It is interesting to go through these pages that will help the buyer as well as protecting the seller from making expensive mistakes.

see the whole page:

http://www.competitionbureau.gc.ca/e...eng/00522.html