Magnuson Moss Warranty Act

Magnuson Moss Warranty Act

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video explains the Magnuson Moss Warranty Act, a federal law that provides additional protections for consumers purchasing goods with warranties. It covers express and implied warranties, requiring clear disclosure of terms. Merchants must meet minimum standards, including repair and replacement. Implied warranties cannot be easily disclaimed, and limitations on damages must be disclosed. The law prohibits tying warranty provisions to specific branded products. Enforcement can be through federal or private action, with potential criminal charges for egregious violations.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of the federal law discussed in the video?

To regulate state commercial codes

To provide additional protections for consumers purchasing goods with warranties

To eliminate express warranties

To enforce state laws on contracts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a requirement for a warranty to be valid under the discussed law?

It must be limited to one year

It must be approved by the Federal Trade Commission

It must be conspicuously disclosed to the consumer

It must be written in legal jargon

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is prohibited in terms of warranty provisions according to the video?

Tying warranty provisions to the use of specific branded products

Providing a lifetime warranty

Offering free repairs

Using branded products for replacement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under what conditions can a private plaintiff seek federal court involvement for warranty issues?

When there are more than 100 plaintiffs in a class

When the amount in controversy is $10,000

When the product is purchased online

When the warranty is for a digital product

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can enforce the warranty provisions if there are egregious violations?

The state governor

The product manufacturer

The Federal Trade Commission

The local police department