Asked by Callie Idell on May 22, 2024
Verified
The Federal Trade Commission requires used car dealers in most states to display statements that the cars are sold "as is" if the cars are sold with limited warranties.
Limited Warranties
Warranties that cover only certain parts, certain defects, or have other specific limitations established by the seller.
Used Car Dealers
Businesses specialized in selling pre-owned vehicles to consumers.
- Absorb the principles and regulatory measures of the FTC in relation to practices concerning sales and advertising.
Verified Answer
GS
Ganesh SajjanMay 27, 2024
Final Answer :
False
Explanation :
The Federal Trade Commission requires used car dealers to display a Buyer's Guide on used cars for sale, which indicates whether the car is being sold "as is" or with a warranty. The requirement to display "as is" applies only if the dealer is selling the car without any warranty. If the car comes with a warranty, the Buyer's Guide must detail the warranty coverage.
Learning Objectives
- Absorb the principles and regulatory measures of the FTC in relation to practices concerning sales and advertising.
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