120 likes | 349 Views
Warranties. Warranty. Promise or guarantee by the seller about the quality or performance of goods for sale. Breached. The seller does not live up to the promises made by the warranty. Magnuson-Moss Warranty Act. A defective product must be fixed at no cost
E N D
Warranty • Promise or guarantee by the seller about the quality or performance of goods for sale
Breached • The seller does not live up to the promises made by the warranty.
Magnuson-Moss Warranty Act • A defective product must be fixed at no cost • Consumers cannot do anything inconvenient for refund • Products are fixed in a reasonable time, or replaced if repair is not possible • Warranty applies to any owner within coverage period. • Magnuson Moss Warranty • Magnuson Moss Warranty
Warranty • How does this describe the term? • Why is this funny?