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What are the Magnuson-Moss Warranty Act Requirement II for the Disclosure Rule (16 C.F.R. Part 701)?

The FTC's Rule on Disclosure of Written Consumer Product warranty Terms and Conditions (the Disclosure Rule) requires a written warranty on a consumer product that costs more than $15 to be clear, easy to read, and contain certain specified items of information about its coverage. To help you...

What is a Warranty?

Generally, a warranty is your promise, as a manufacturer or seller, to stand behind your product. It is a statement about the integrity of your product and about your commitment to correct problems when your product fails. The law recognizes two basic kinds of warranties—implied warranties and...

What is an Express Warranty?

Express warranties, unlike implied warranties, are not "read into" your sales contracts by state law; rather, you explicitly offer these warranties to your customers in the course of a sales transaction. They are promises and statements that you voluntarily make about your product or about your...

What is an Implied Warranty?

Implied warranties are unspoken, unwritten promises, created by state law, that go from you, as a seller or merchant, to your customers. Implied warranties are based upon the common law principle of "fair value for money spent," There are two types of implied warranties that occur in consumer...

What is the Magnuson-Moss Warranty Act Requirement III for the Pre-Sale Availability Rule (16 C.F.R. Part 702)?

The FTC's Rule on Pre-Sale Availability of Written Warranty Terms requires that written warranties on consumer products costing more than $15 be available to consumers before they buy. The Rule has provisions that specify what retailers, including mail order, catalog, and door-to-door sellers, must...