The Major Duty of the Magnuson-Moss Warranty Act Is to Require

question 52

True/False

The major duty of the Magnuson-Moss Warranty Act is to require the FTC to issue rules regarding consumer product warranties.

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Definitions:

Legal Standards

Established principles and criteria in the legal system that guide the conduct of legal cases and the administration of justice.

Regulatory Flexibility Act

A U.S. law that aims to minimize the impact of regulations on small businesses and other small entities by requiring federal agencies to consider less burdensome alternatives.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and size within their industry.

Less Burdensome Alternatives

Options or solutions that demand less effort, costs, or restrictions while achieving a similar outcome.