Question & AnswerQ&A (Republic Act No. 71)
Republic Act No. 71 requires that all articles of commerce offered for sale at retail must have price tags or labels affixed indicating the price of each article.
The Secretary of Agriculture and Commerce may exempt certain articles of commerce or classes of establishments from the price tag requirement upon the recommendation of the Director of Commerce.
Articles must be publicly displayed with appropriate tags or labels indicating the price, and they must be sold uniformly and without discrimination at the stated price.
Violations are punishable by imprisonment of not more than six months, or a fine of not more than two hundred pesos, or both at the court's discretion.
The Act took effect 60 days after its approval date, which was October 21, 1946.
No, the Act specifically applies to articles of commerce offered for sale at retail, not wholesale.
No, articles must be sold uniformly and without discrimination at the stated price on the tag or label.
The Director of Commerce may recommend to the Secretary of Agriculture and Commerce the exemption of certain articles or establishments from the price tag requirement.
No, the law requires that articles must be sold at the stated price without discrimination or variation.