All
of us as customers, unaware of most of the terms and conditions of
our manufacturers, want to purchase products that come with a
warranty. Here is something we should all know about a warranty.
What
is the Magnuson-Moss Act?
The
United States enacted a set of Federal laws after the Magnuson Moss
Act. Enacted in 1975, these laws were implemented to protect the
rights of the consumers.
Most
of us as consumers are oblivious to the intentions of the terms and
conditions of a warranted product. We are either ill-informed or we
are not aware of all the subject matter that concerns the warranty on
the product. With the Magnuson Moss Act coming into place, the
federal statutes that govern the warranties on products were also
modified.
The
Magnuson
Moss Warranty Act
provides the consumers with reasonable and effective remedies for any
breach of warranty.
What
does the Act provide?
The
purpose of the act is to provide the citizens of the USA with certain
consumer rights. To list the major purpose of the Magnuson Moss Act,
here are a few of them:
1.
It provides an obligation to the manufacturers to disclose the
warranty on products in simple and readily understandable language.
2.
There can be no use of any ambiguous statement in the terms and
conditions.
3.
The terms and conditions have to be completely and fully disclosed.
There should be no disclaimers to mislead warranties that unduly
benefit the manufacturers out of the pockets of the consumers.
This
Act was an attempt of an informal dispute settlement between the
consumers and manufacturers. The remedy of the conventional method of
a suit is still available to the consumers. The Magnuson Moss
Warranty Act is an attempt by the federal government to protect
consumers from the misconduct of the manufacturer.
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