An overview of this 1975 congressional act to regulate and monitor "written" warranties provides by manufacturers and sellers.
Written in 2002; 2,079 words; 5 sources; MLA; $ 65.95
Paper Summary:
A warranty is a written statement or promise typically prepared by the manufacturer of a product ensuring it's quality. It is a commitment made by the manufacturer or seller that they represent and will stand by the product in the event of loss, breakage or other malcontent. This paper examines the pros and cons of the Magnuson-Moss Warranty Act passed by the American congress, which governs all federal consumer product warranties. The paper covers the positive aspects of the law including customer satisfaction, peace of mind and truth in written statement. It also looks at the negative sides of the law, which include the promotion of shoddy performance of products that are supplied with limited warranties, providing coverage for one year or less.
From the Paper:
"In a nutshell the Magnuson-Moss act outlines the many specifications that must be included in written warranties for a product. The act has many provisions. It requires manufacturers and sellers of products to provide consumers with detailed information about the warranty of the product (Grimes, 2003). The purpose of the act was to ensure that consumers are provided with detailed, accurate and adequate information regarding the warranties of any products they may purchase. The act also enables customers to compare the warranties of different merchants prior to buying a product. Another purpose of the act is to encourage competition between merchants. Because consumers have access to detailed information regarding warranties, they are more apt to purchase products with more elaborate coverage. Lastly the act creates a "framework for companies to set up procedures resolving disputes on products without litigation" (Grimes, 2002)."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "The Magnuson-Moss Warranty Act", Essays on "The Magnuson-Moss Warranty Act", Research papers on "The Magnuson-Moss Warranty Act", Student papers on "The Magnuson-Moss Warranty Act", Book reports on "The Magnuson-Moss Warranty Act", Dissertation on "The Magnuson-Moss Warranty Act", Thesis on "The Magnuson-Moss Warranty Act", Summary of paper on "The Magnuson-Moss Warranty Act", Articles written on "The Magnuson-Moss Warranty Act".
Look for more research papers, essays and book reports on