Consumer Law and Agencies Chapter 32 Section 1 Part 2
Federal Statutes Magnuson-Moss Consumer Product Warranty Act Magnuson-Moss Consumer Product Warranty Act Magnuson-Moss Consumer Product Warranty Act Consumer Product Safety Act Consumer Product Safety Act Consumer Product Safety Act Food, Drug, and Cosmetic Act Food, Drug, and Cosmetic Act Food, Drug, and Cosmetic Act
Magnuson-Moss Consumer Product Warranty Act 1975 Governs written warranties for all products more than $15 Sets minimum standards, rules, and provisions for lawsuits against manufacturers Enforced by the FTC
Consumer Product Safety Act 1972 Established the Consumer Product Safety Commission Monitors safety of more than 15,000 nonfood items like toys and household products When product is defective CPSC can: –Issue a safety alert –Require a warning label –Recall the product –Prohibit the sale
Food, Drug, and Cosmetic Act 1938 Covers information labels and truthful advertising FDA enforces 8k&feature=related 8k&feature=related 8k&feature=related
State Statutes Lemon laws – designed to protect consumers from poorly built cars If out of service for more than 30 days or 4 attempts have been made to fix the same problem within the 1 st year Entitled to refund or replacement