Regarding the Magnuson-Moss Act, which of the following are correct? (more than
ID: 2558587 • Letter: R
Question
Regarding the Magnuson-Moss Act, which of the following are correct? (more than one selection is permitted)
It only applies to sales of consumer products costing more than $10 per item.
It requires a seller to give a written warranty.
A consumer product is tangible personal property normally used for personal, family, or household purposes.
If a seller gives a written warranty, the warranty must be designated as full or limited.
A seller who gives a full warranty must remedy any defects in the product or replace the product or refund the purchase price if the product cannot be repaired.
A.It only applies to sales of consumer products costing more than $10 per item.
B.It requires a seller to give a written warranty.
C.A consumer product is tangible personal property normally used for personal, family, or household purposes.
D.If a seller gives a written warranty, the warranty must be designated as full or limited.
E.A seller who gives a full warranty must remedy any defects in the product or replace the product or refund the purchase price if the product cannot be repaired.
Explanation / Answer
Answer
Right answer is D.If a seller gives a written warranty, the warranty must be designated as full or limited.
The Magnuson-Moss Act specifies a number of requirements that warrantors must meet. In addition, Congress directed the Federal Trade Commission (FTC) to adopt rules to cover other requirements. The Act and the FTC Rules provide three basic requirements that apply to either warrantors or sellers:
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