What type of transaction is covered under the Magnuson-Moss Warranty Act?
A) consumer transactions
B) commercial transactions
C) industrial transactions
D) governmental transactions

Question

Quizplus · Accepted Answer

The Magnuson-Moss Warranty Act is a federal law that applies to consumer products. It requires sellers and manufacturers to provide clear and easy-to-understand warranty information to consumers for products sold at $15 or more. It provides protection to consumers who purchase products that have a warranty against defects and malfunctions. Therefore, the Act covers only consumer transactions.

What Type of Transaction Is Covered Under the Magnuson-Moss Warranty