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In addition, the FTC has issued an interpretive rule that clarifies sure phrases and explains some of the provisions of the Act. This section summarizes all the necessities underneath the Act and the Rules. The following section of this guide summarizes what the Magnuson-Moss Warranty Act requires warrantors to do, what it prohibits them from doing, and how it affects warranty disputes. In order to know how the Act affects you as a businessperson, it is necessary first to grasp what the Act does not require. This is an example of a permissible guarantee provision to make use of as an alternative of a tie-in.
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Small companies can comment to the Ombudsman with out concern of reprisal. The Act consists of very broad provisions governing service contracts which might be explained in the following sections. Or the warrantor of the muffler might intend a “lifetime” warranty to last as long as the original purchaser of the muffler owns the car on which the muffler is put in. Although generally used, that is an inaccurate utility of the time period “lifetime.” The FTC’s Guides for the Advertising of Warranties and Guarantees sixteen C.FR. You can show warranties any way you select, or publish signs and have the warranties ready to provide prospects after they ask to see them.
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