Asked by Kymberly Corley on May 26, 2024
Verified
According to the Magnuson-Moss Act,if a written warranty is silent regarding whether it is a full or limited warranty,it is presumed to be a limited warranty.
Magnuson-Moss Act
A federal law enacted in 1975 to protect consumers from deceptive warranty practices, applying to warranties on consumer products.
Limited Warranty
A warranty with certain conditions and limitations on the parts covered, duration of coverage, and types of defects that are covered.
- Evaluate the impact of federal statutes such as the Magnuson-Moss Warranty Act on sales contracts.
Verified Answer
TV
Trenecia VaughnMay 28, 2024
Final Answer :
False
Explanation :
The 1975 federal law known as the Magnuson-Moss Act requires that if a seller decides to issue a written warranty for a consumer good (the seller is not required to do so),the seller must indicate whether that warranty is a full warranty or a limited warranty.If the written warranty is silent,it is presumed to be a full warranty.
Learning Objectives
- Evaluate the impact of federal statutes such as the Magnuson-Moss Warranty Act on sales contracts.
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