A Fresh Look At Warranties

Law360, New York (December 9, 2010, 2:57 PM EST) -- The vast majority of manufacturers offer some type of written warranty on their products. These warranties are the result of a marriage between consumers’ desires to obtain some guarantee that they will receive the value they paid for, or the benefit of the bargain, and the manufacturers’ desires to buy themselves some predictability regarding their obligations to their consumers.

Indeed, manufacturers initiating and following through on pro-consumer warranty programs are to be rewarded with the benefit of avoiding exposure to expensive and distracting litigation. Any other...
To view the full article, register now.