Final answer:
The Federal Trade Commission Used Car Rule is known as the Magnuson-Moss Warranty Act, which sets out the warranty provisions of a sale. The act requires sellers to clearly and conspicuously disclose the terms and conditions of the warranty.
Step-by-step explanation:
The Federal Trade Commission Used Car Rule, which sets out the warranty provisions of a sale, is known as the Magnuson-Moss Warranty Act. The Federal Trade Commission Used Car Rule is known as the Magnuson-Moss Warranty Act, which sets out the warranty provisions of a sale. The act requires sellers to clearly and conspicuously disclose the terms and conditions of the warranty.
This law was enacted in 1975 and applies to any sellers who offer written warranties on consumer products costing more than $15. Under the Magnuson-Moss Warranty Act, sellers must clearly and conspicuously disclose the terms and conditions of the warranty, including what is covered and for how long.