Control Comment Warranty For Free

The term consumer product means any tangible personal property which is distributed in commerce and which is normally used for personal, family, or household purposes (including any such property intended to be attached to or installed in any real property without regard to whether it is so attached or installed).

The Magnuson-Moss Warranty Act is the federal law that governs consumer product warranties. Passed by Congress in 1975, the Act requires warrantors of consumer products to provide consumers with detailed information about warranty coverage.

To prevail under Magnuson-Moss, a plaintiff must show there is a valid warranty, the product was presented for repair during the warranty period, and the manufacturer failed to conform the product to the provisions of the warranty within a reasonable amount of time or number of repair attempts.

Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title.

There are two types of warranty; express warranties and implied warranties, including merchantable warranties and warranties of fitness. The seller clearly states express warranties and covers goods advertised to meet consumers' expectations. They can be written or spoken warranties.

Which of the following statements is true of the Magnuson-Moss Warranty Improvement Act? It allows the Federal Trade Commission (FTC) to prescribe interpretive rules and policy statements regarding unfair or deceptive practices.

Basics of the Magnuson-Moss Act The Act applies only to products and not to warranties on services. Additionally, the Act covers only warranties on consumer products. In other words, it doesn't apply to warranties on products sold for resale or for commercial purposes.