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What is the difference in an assignment and a sublease?
Warranty
An assurance, either express or implied, by one party that the other party can rely on its representations of fact; in sales, a binding promise regarding a product in the event that the product does not meet the manufacturer’s or seller’s promises.
Written Warranty
A documented guarantee provided by a manufacturer or seller, detailing the conditions under which a product can be returned, replaced, or repaired.
Magnuson-Moss Act
A federal law that governs warranties on consumer products to protect buyers from deceptive warranty practices.
Enacted
Formally made into a law or statute.
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