ALBURO ALBURO AND ASSOCIATES LAW OFFICES ALBURO ALBURO AND ASSOCIATES LAW OFFICES

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Technical Education and Skills Development Authority (Republic Act No. 7796)

It is the policy of Republic Act No. 7796 or the Technical Education and Skills Development Authority (TESDA) Act of 1994 to provide relevant, accessible, high quality and efficient technical education and skills development in support of the development of high-quality Filipino middle-level manpower responsive to and in accordance with Philippine development goals and priorities. (Section 2, Republic Act No. 7796)

Pyramiding and Ponzi Schemes

“Chain distribution plans” or “pyramid sales schemes” means sales devices whereby a person, upon condition that he makes an investment, is granted by the manufacturer of his representative a right to recruit for profit one or more additional persons who will also be granted such right to recruit upon the condition of making similar investments: Provided, That the profits of the person employing such a plan are derived primarily from the recruitment of other persons into the plan rather than from the sale of consumer products, services, and credit. (Article 4[k] of The Consumer Act of the Philippines)

SALES PROMOTION UNDER THE CONSUMER LAW (Republic Act No. 7394)

Sales promotion is defined as the means and techniques intended for broad consumer participation which contain promises of gain such as prizes, in cash or in kind, as a reward for the purchase of a product, security, service, or winning in contest, game, tournament and other similar competitions which involve determination of winner/s and which utilize mass media or other widespread media of information. It also means techniques purely intended to increase a product’s sales, patronage, and/or goodwill. (Article 4[bm] of Republic Act No. 7394)

Ban on importation of certain products under the Customs Modernization and Tariff Act

Under Republic Act No. 10863 or the Customs and Tariff Modernization Act, all goods may be freely imported into and exported from the Philippines without need for import and export permits, clearances or licenses unless otherwise prohibited by law or other regulations. (Section 116, R.A. No. 10863)