• Price tag indicates the price of a consumer product

• Erasures or alterations of price tags, labels or markings is not allowed

• If price tag is impractical to use, as an alternative, a price list may suffice

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• A trust receipt need not be in any particular form.

• But every such receipt must substantially contain a description of the goods, documents or instruments subject of the trust receipt, the total invoice value of the goods and the amount of the draft to be paid by the entrustee and an undertaking or a commitment of the entrustee.

• The trust receipt may contain other terms and conditions agreed upon by the parties.

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• Labeling and fair packaging of products is compulsory

• The labeling and fair packaging is to enable the consumer to obtain accurate information as to the nature, quality and quantity of the contents of consumer products

• There are minimum labeling requirements for consumer products

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• A Trust Receipt transaction is one where the entrustee has the obligation to deliver to the entruster the price of the sale, or if the merchandise is not sold, to return the merchandise to the entruster.

• A Trust Receipt is a commercial document whereby the bank releases the goods in the possession of the entrustee but retains ownership.

• It is a security arrangement to which a bank acquires ownership of the imported personal property.

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