What must a seller disclose under the Magnuson-Moss Warranty
Act? Please list at least three things.
What must a seller disclose under the Magnuson-Moss Warranty
Act? Please list at least three things.
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Warrantors must designate or title a written warranty as either
"full" or "limited".
Warrantors must state certain information about the coverage of
the warranty in a single, clear, and easily readable document.
Warrantors or sellers must ensure that warranty is available
where the warranted consumer product is sold so consumers can read
the warranty before buying.
Deceptive or misleading terms contained in a warranty are
prohibited. A warranty can't be offered that seems to provide
coverage but doesn't.
Which of the following statements is true of the
Magnuson-Moss Warranty Act?
Multiple Choice
It requires the seller to make the written warranty
terms available to the prospective buyer before the sale.
It does not allow consumers to sue the maker of the
warranty for failure to fulfill its terms.
It enforces the seller's obligation to make the terms
available only after the sale.
It permits consumers to sue the manufacturer if the
manufacturer offers the warranty, but not the...
23. With respect to warranty disclaimers,
under the UCC a seller
a. may never disclaim a warranty
b. may only disclaim implied
warranties
c. may disclaim only express
warranties
d. may disclaim any warranty except a
warranty of title
e. may disclaim any warranty so long
as the disclaimer follows UCC rules
24. A seller can create an express warranty
by
a. a seller’s promise about goods
being sold.
b. a seller’s guarantee regarding the
safety of a good.
c....
21. Under the Uniform Commercial Code (UCC), an express
warranty may be created by a Seller showing a sample of a
particular item to a Buyer, and the Buyer relying on that sample to
make a purchase decision. T/F
22. Which one of the following warranties only applies
if the Seller is a Merchant?
a. Express warranties
b. Implied warranty of fitness for a particular
purpose
c. Implied warranty of merchantability
d. Implied warranty of good title
e. None of...
3. What is a warranty of merchantability and how is it applied
to both the seller and buyer of goods? Give an example.
4. How are merchant and manufacturers’ liability impacted by the
federal Magnuson-Moss Act?
5. We read in Touchstone p 494-95 about a lung cancer victim who
sued cigarette makers for harm from her 45 year habit. How was
product liability defined in the trial—do you agree with the
appellate court decision?
a) List the three categories of contingent liabilities. Also,
what does the company have to disclose or record for each
category?
b) When issuing bonds, if the market interest rate is greater
than the stated interest rate, will the bonds issue at a premium or
a discount and why? Explain your reasoning for your answer.
BUSINESS LAW IN MALAYSIADiscuss to what extend the right of lien as provided under the
sale of goods Act 1957 protects the seller. support your answer
with three decided cases.
Under sale of Goods Act 1930. Who is unpaid seller, what are his
rights against Goods and has he any remedy against the buyer
personally?
(more then 200 words)