Which of the Following Is True Under the Magnuson-Moss Act

question 73

Multiple Choice

Which of the following is true under the Magnuson-Moss Act if a written warranty is silent as to whether or not it is a full warranty?

• A)It is presumed to be a limited warranty.
• B)It is presumed to be an express,limited warranty.
• C)It is presumed to be a limited warranty of merchantability.
• D)It is presumed to be a limited usage of trade warranty.
• E)It is presumed to be a full warranty.

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Definitions:

Missed Opportunity

A situation in which a potential gain is not realized because a different decision or action was taken.

Government Quota

A limit set by the government on the quantity of a good that can be produced or imported, often used to protect domestic industries.

Quantity Control

Regulatory measures or policies used to limit the amount of a good or service that is produced or sold in a market.

Medicare Reimbursement

The payments made by the Medicare program to healthcare providers for services rendered to Medicare beneficiaries, based on predetermined rates.