Massachusetts General Laws ch. 183B sec. 52 – Advertisements including prize offer
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Section 52. Any advertisement of a time-share property which includes the offer of a prize or other inducement shall prominently disclose the approximate fair market value, number of, and criteria to qualify for, each prize or inducement offered.
Terms Used In Massachusetts General Laws ch. 183B sec. 52
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.