COMM 304 Final: Business Law Shared Notes 4

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20 May 2016
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This only protects the dealer/seller of the object under warranty. When you buy the object and sign the warranty card you sign away your legal obligation to take the object back to the place of purchase for a full refund or replacement. Warranty gives protection to the seller against the consumer. With a warranty you enter a contract (does not allow you to return and get money back). Sale of good act - law says where you have not contracted yourself out there is a guaranty (implied) (so could get money back). This is a legal right to take back the object to the place of purchase and get the money or the product exchanged. Certified cheque not a guaranty of payment. Once made money put in suspended account. Certified by maker just make sure that the maker has the money. If payee certify a cheque then it is guaranteed.

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