BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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parol evidence rule
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Right of Warranty Law
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Nader-Clayton Warranty Act
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Maguson-Moss Warranty Act
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Detailed explanation-1: -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.
Detailed explanation-2: -The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products.
Detailed explanation-3: -The Act directs the Commission to establish disclosure standards for written warranties, specifies standards for “full” warranties, limits disclaimer of implied warranties, and establishes consumer remedies for breach of warranty or service contract obligations.
Detailed explanation-4: -Complying with the Magnuson-Moss Act. The Magnuson-Moss Act does not require manufacturers or sellers to offer written warranties on consumer goods. It applies only when a business has decided to provide a written warranty on a consumer product.