Reading The Regulatory Landscape Of Service Contracts

Law360, New York (September 17, 2015, 12:36 PM EDT) -- When consumers make a major purchase, such as a car, household appliance or smartphone, the manufacturer or seller usually makes an important promise to stand behind the quality of the product. That initial promise is called a warranty. A warranty can be express or implied, and exists for a limited period of time, and a warranty is included in the price of an item, not stated as a separately charged item. The foremost warranty law is the Magnuson-Moss Warranty Act[2], a federal statute that governs warranties on consumer products.

Beyond that initial promise, another promise can be made, in exchange for...

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