Chapter 18 Questions

Chapter 18 Questions - Chapter 18 Questions 1 In what three ways may express warranties be created An express warranty is an oral or written

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Chapter 18 Questions 1. In what three ways may express warranties be created? An express warranty is an oral or written statement, promise, or other representation about the quality of a product. Also, these warranties arise by a statement of fact or promise, by a description of goods, and by a sample or model. The Magnuson-Moss warranty act is designed to prevent deceptive warranty practices and to provide consumers with more information about warranties that are made on products they buy. A full warranty act is one in which a defective product will be repaired with out charge within a reasonable amount of time after a complaint has been made about it. A limited warranty is any written warranty that does not meet all of the requirements for a full warranty. 2. Under the Magnuson-Moss Warranty Act, what must be done when a written warranty is given to a consumer? A written warranty is given to a consumer who purchases goods in interstate commerce that are ten dollars or more. The products are tangible which means that they are
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This note was uploaded on 06/03/2008 for the course BUS 2333 taught by Professor Grafton during the Spring '08 term at Oklahoma State.

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Chapter 18 Questions - Chapter 18 Questions 1 In what three ways may express warranties be created An express warranty is an oral or written

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