How do Warranties Protect the Consumer and Business Owner?

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Essay #: 066071
Total text length is 13,962 characters (approximately 9.6 pages).

Excerpts from the Paper

The beginning:
How do Warranties Protect the Consumer and Business Owner?
Abstract
This paper shall explore warranties and their effect on the consumer and business owner. The basic types of warranties are explained. The differences between implied and express warranties are reviewed. The provisions of the Magnuson-Moss Warranty Act are explained. The roll of ethics in the process is outlined. Protections to business by warranties are investigated.
How do Warranties Protect the Consumer and Business Owner?
The guarantee that expectations regarding a purchased product will perform as initially understood by the buyer at the time of purchase is the simplest and broadest definition of a warranty (“Warranties”, 2010, para.1). In terms of a contract between...
The end:
.....neating the expectations of the consumer and limiting their liability. Warranty is a very complex area of the law and the introduction of product liability and negligence theory, which are fundamental parts of consumer product sales, magnify the difficulty of the issues.
References
A businessperson's guide to federal warranty law. (2006). Federal Trade Commission. Retrieved from http://business.ftc.gov/documents/bus01-businesspersons-guide-federal-warranty-law#Magnuson-Moss
Migotti
, M. (2003). All kinds of promises. Ethics, 114(1), 60-87.
Priest, G. (1981). Theory of the consumer product warranty. Yale Law Journal, 90(6), 1297-1352.
Warranties. (2010). Lawyers.com. Retrieved from http://consumer-law.lawyers.com/warranty-law/Warranties.html