Asked by Rachel Hwang on May 19, 2024
Verified
The Magnuson-Moss Warranty Act applies to sales of goods costing:
A) $15 or more to a consumer.
B) $15 or more to any purchaser.
C) $50 or more to a consumer.
D) $50 or more to any purchaser.
Magnuson-Moss Warranty Act
A federal law that governs warranties on consumer products, aiming to ensure that warranties are clearly and comprehensively presented to consumers.
Sales Of Goods
Refers to transactions where the seller transfers or agrees to transfer the ownership of goods to the buyer for a consideration known as price.
Consumer Purchases
Transactions made by individuals or households for goods and services for personal use.
- Understand the functions and rules of consumer protection laws including the Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), and Magnuson-Moss Warranty Act.
Verified Answer
KS
Kulwinder SanghaMay 21, 2024
Final Answer :
A
Explanation :
The Magnuson-Moss Warranty Act applies to sales of goods costing $15 or more to a consumer.
Learning Objectives
- Understand the functions and rules of consumer protection laws including the Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), and Magnuson-Moss Warranty Act.