The Magnuson-Moss Warranty Act
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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.
Cite this Essay:
The Magnuson-Moss Warranty Act (2003, June 18) Retrieved July 29, 2014, from http://www.academon.com/essay/the-magnuson-moss-warranty-act-27925/
"The Magnuson-Moss Warranty Act" 18 June 2003. Web. 29 July. 2014. <http://www.academon.com/essay/the-magnuson-moss-warranty-act-27925/>