Question & AnswerQ&A (Republic Act No. 1074)
Republic Act No. 1074 is an act amending Republic Act No. 71, requiring price tags or labels to be affixed on all articles of commerce offered for sale at retail and penalizing violations of such requirement.
All articles of commerce offered for sale at retail must be publicly displayed with appropriate tags or labels indicating the price of each article, which must be sold uniformly and without discrimination at the stated price.
Yes, lumber dealers are required to tag or label lumber offered for sale by indicating the price and the corresponding official name of the wood to enable buyers to distinguish one species from another.
The Secretary of Commerce and Industry may exempt certain articles of commerce and trade or certain classes of establishments from the provisions of this Act, upon the recommendation of the Director of Commerce.
The Secretary of Commerce and Industry is authorized to issue rules and regulations to implement the provisions of the law and may grant exemptions as recommended by the Director of Commerce.
No, RA No. 1074 specifically applies to articles of commerce offered for sale at retail to the public.
While the exact penalties are not detailed in the amended section, the original RA No. 71 imposed penalties for violations which would apply unless amended; generally, failure to comply may lead to sanctions as prescribed by law.
Republic Act No. 1074 took effect upon its approval on June 12, 1954.
The original law amended was Republic Act No. 71, which required price tags or labels on articles of commerce offered for sale at retail.
Under RA No. 1074, articles must be sold uniformly and without discrimination at the stated price indicated on the tag or label, implying that the tagged price must be honored during the sale.