To Bring an Action Based on Breach of Warranty, a Buyer

question 12

True/False

To bring an action based on breach of warranty, a buyer or lessee has a certain limited period of time from the date of delivery to file suit.

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Definitions:

Negative Option Rule

A regulation by the Federal Trade Commission that prohibits companies from billing consumers for merchandise or services they did not explicitly agree to purchase.

DVD Clubs

Membership-based services or groups that distribute DVDs, often through mail order, allowing members to rent or purchase movies and television shows.

Truth-In-Lending Act

A US federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.