Brought
into effect in 1975, the Magnuson
Moss Warranty Act
covers statutes in case of consumer product warranties. The act
insists on the manufactures and the sellers to cover the right
warranty for the products that the people purchase. With the act the
consumers can file for a claim for a lemon car and claim suitable
compensation.
What
does the Act cover?
The
act will not require the written warranties from the manufactures and
the sellers, but the act will insist them to offer written warranty
to disclose and mention the terms to the buyer. The act applies to
the product and not to the warranties. Further, the act covers only
for the warranties on the products of the customers. That is, it will
not apply to the properties that are resold or commercial purposes.
Requirements
of the act
-
The act specifies the requirements that the warrantors should meet. Other basic three requirements of the Magnuson Moss Act are,
-
Warrantors should state some information about the parts, components, or machinery that the warranty will cover. This should be done in in a single document in legible language.
The
law insists the manufacturers or the sellers to designate or title a
clearly written warranty and that might be either limited or full
They
should ensure that the warranty is active/ applicable at the time of
the buyer purchasing the product.
Final
thoughts
Understanding
the Magnuson Moss Act comes in handy when a person cannot claim
relief under the state lemon laws and needs an option to be
recompensed for all the troubles of buying a faulty vehicle.
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