Which of the following is true of the Magnuson-Moss Warranty Act?
A) It is administered by the Federal Trade Commission.
B) It governs commercial transactions.
C) It requires a seller or lessor to make an express written warranty on all products.
D) It covers written warranties pertaining to industrial transactions.

Question

Quizplus · Accepted Answer

The Magnuson-Moss Warranty Act is administered by the Federal Trade Commission.

Answer: None of the options are fully correct 
 The Magnuson-Moss Warranty Act applies to consumer products and requires that sellers or lessors provide clear and easy-to-understand written warranties for products costing more than $15. It does not necessarily cover all products or commercial transactions, and it does not require that all warranties be written.

Which of the Following Is True of the Magnuson-Moss Warranty