Under the FTC's Used Car Rule the Buyer's Guide Must

question 402

Multiple Choice

Under the FTC's Used Car Rule the Buyer's Guide must contain:

• A) a statement of the terms of any warranty offered with the car
• B) prominent statement of whether the dealer is selling the car "as is" and, if so, that the consumer must pay for any repairs needed after buying the car
• C) warning that oral promises are difficult to enforce, with a suggestion to get all promises in writing
• D) a suggestion that the consumer ask for an independent inspection of the car
• E) all of the other choices are required

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Definitions:

Defective

Referring to a product or item that is flawed, damaged, or fails to meet quality standards.

Nonconforming Goods

Items delivered under a sale contract that fail to match the quality, specification, or conditions as agreed upon by the buyer and seller.

Notice

In legal terms, notice refers to the formal communication of information or a fact to an individual or entity, ensuring they are aware of certain conditions or changes.

Perfect Tender Rule

A principle in commercial law that allows buyers to reject goods if they do not meet all contract specifications, regardless of how minor the defect may be.