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.
Which of the following is required by the Magnuson-Moss Act when the seller issues a written warranty for a consumer good?
The Magnuson-Moss Act doesn’t require manufacturers or sellers of consumer products to provide written warranties. Instead, the Act requires manufacturers and sellers who do offer written warranties to clearly disclose and describe the terms of those warranties.
What is the difference between a full warranty and limited warranty?
1) A full warranty is fixing or replacing a defective product at no charge. A limited warranty is a warranty that guarantees anything less than that of a full warranty.
What is an example of a limited warranty?
For example, a new car that comes with a five-year warranty might offer the option to pay for a 10-year limited warranty.
What is the implied warranty of merchantability?
An implied warranty of merchantability is a type of warranty defined in U.C.C. § 2-314. U.C.C. § 2-314(1) states that, unless otherwise excluded or modified, a warranty that the goods are merchantable is implied in a contract for sale if the seller is a merchant of these sorts of goods.
What does the Magnuson-Moss Warranty Act protect?
Understanding the Magnuson-Moss Warranty Act
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.
What are three ways in which the Magnuson-Moss Warranty Act protects consumers?
The Magnuson-Moss Warranty Act establishes three basic requirements that must be met by the manufacturer, seller, or warrantor of a consumer product. Written warranties must be titled either “full” or “limited.” Warranties must outline the coverage they provide using language that is easy to understand.
What are the 4 types of warranties?
There are two types of warranties: express and implied. 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.
How does the Magnuson-Moss Warranty Act apply to appliances?
Understanding Federal Laws for Defective Appliances
A breach-of-warranty lawsuit can be filed under Magnuson-Moss. The law is broader in scope than the traditional lemon laws at the state level because it allows consumers to recover compensation for defective appliances.
What is a consumer product under Magnuson-Moss?
a. A consumer under Magnuson-Moss is anyone — an individual or a business – who buys a consumer product “for purposes other than resale.” This includes a business or corporation buying an automobile for business use, as an automobile is “normally used for personal, family or household purposes”.
What is covered under warranty?
A manufacturer warranty covers repair and replacement costs due to factory errors but excludes nearly all damage outside of that. The following items are not covered by a typical car warranty: Routine maintenance—Oil changes, brake pad replacements, tire rotations, and similar tasks must be paid out-of-pocket.
How many times can a warranty be used?
Unfortunately, under a warranty claim process, you are only entitled to replacements. You can get as many replacements as required within the warranty period. Many times, various issues may arise during the warranty claim process.
How long does a company have to fulfill a warranty?
Unless the buyer agrees in writing to the contrary, the goods shall be serviced or repaired so as to conform to the applicable warranties within 30 days. Delay caused by conditions beyond the control of the manufacturer or its representatives shall serve to extend this 30-day requirement.
What are the two types of implied warranty?
Implied warranties are governed by state laws, not federal laws. The two key types of implied warranties are merchantability and fitness. Merchantability says that a product will meet reasonable expectations of the buyer, while fitness means the product meets the buyer’s intended use.
Which one of the following is not an implied warranty?
Detailed Solution. Condition, as to free from encumbrances, is not an implied condition in a contract of sale. Conditions and warranties may be express or implied. Express conditions and warranties are which, are expressly provided in the contract.
What are the two types of warranties?
Types of Warranties. There are two general types of warranties, expressed and implied.
Does Magnuson-Moss Warranty Act apply to service contracts?
Thus, to the extent the Magnuson-Moss Warranty Act’s service contract provisions apply to the business of insurance, they are effective so long as they do not invalidate, impair, or supersede a State law enacted for the purpose of regulating the business of insurance.
What can you do if your company is not honoring warranty?
If that fails, try complaining to the Better Business Bureau and to your state attorney general or consumer protection office. Send a demand letter threatening to take the company to small-claims court. If it’s an expensive product, contact a consumer attorney. (You can find one at naca.net.)
What does the Magnuson-Moss Act of 1975 do for the automotive repair facilities?
Passed by Congress in 1975 – Section 102(c), 15 U.S.C. 2302(c), the Magnuson-Moss Warranty Act (MMWA) prevents manufacturers from using disclaimers on warranties in an unfair or misleading manner.
What will void the warranty on a car?
Environmental damage: If your vehicle was damaged in a fire, flood, hailstorm, earthquake or any other environmental disaster, the automaker will not honor your warranty. Altered odometer: If your car’s odometer has been disconnected, tampered with or replaced, the dealership cannot determine the exact mileage.
Why was the Magnuson-Moss Warranty Act created?
Consumers are often victims of fraud or misrepresentation in the quality of consumer (personal, family or household) goods and in how they are intended to perform. To protect consumers, federal legislators passed the Magnuson-Moss Warranty Act (Act) in 1975.