JKL Company manufactures and sells home theater equipment for home use.The company is contemplating what type of warranty it should place on its products,and wishes to know the ramifications of the Magnuson-Moss Warranty Act.Which of the following statements is true?

Question

Quizplus · Accepted Answer

The Magnuson-Moss Warranty Act requires that any written warranty be labeled as either full or limited, and further stipulates that if a manufacturer or seller chooses to offer a written warranty, it must comply with certain requirements, such as providing the consumer with a clear and concise statement of how the warranty may be exercised. This applies to consumer goods, including home theater equipment, and affects both express and implied warranties. Therefore, option A is incorrect, option B is only partially correct, and option C is incorrect.

JKL Company Manufactures and Sells Home Theater Equipment for Home