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[Music] thank you [Music] foreign [Music] everybody and thank you for joining us for another weekly show on Condor Insider Im your host for today and today were going to be talking about roof warranties which is a really important topic for a lot of um condo boards um and even the general managers and Resident managers to know this information so um my guest today is Sam de Almeida with um Harper Winn he um carries or he knows all about the warranty business on roofs so Sam thank you for joining me today and being my guest and kind of giving us a little tutorial about roof warranties yeah glad to be here so what what give us the lesson what is the main points that we need to as board members we really need to know when were looking at um doing a roof and then also looking at the um the warranties because we want to get as much as we can out of the life of our roof and also do the protections because we want to try to avoid all those massive increases in maintenance fees you know so

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What is the most common type of implied warranty?

There exist a few different types of implied warranties: Warranty of Merchantability: this is generally what we think of when it comes to an implied warranty. Warranty of merchantability is unspoken or unwritten and allows the buyer to reasonably assume that what they are buying is going to meet or fit their standards.

Do I need to pay if I have warranty?

If my car is under warranty, do I have to pay for a service? It depends on the service. If your car is under warranty but the repair or replacement itself is not covered, then you will have to pay for the service.

Are manufacturer warranties free?

Since factory warranties are included in the price of a vehicle, you pay for the manufacturers coverage upfront, even through an auto loan. Mechanical breakdown insurance is usually limited to newer vehicles.

What is the Magnuson-Moss Warranty Act quizlet?

(15 USC 2301 et seq.) is a federal statue which governs express and implied warranties. As a seller, funeral directors are providing warranties on the merchandise they sell even though they do not manufacturer it.

What are the three types of warranty?

Types of Warranties Express Written Warranty. If a new or used consumer product comes with an express written warranty, you have the right to rely on what it says. Express Oral Warranty. Implied Warranty.

Is Extended Warranty free?

An extended warranty plan from the dealership will usually cost between $1,000 and $1,500. Normally, the cost of an extended warranty is tacked on to your monthly car payment. However, one drawback to is you may end up paying interest on the warranty, and it becomes more expensive in the long run.

What are some examples of warranties?

An example of an implied warranty is the assumption that the new sweater you are buying from a department store is free of any holes, stains, or other damage. Lifetime Warranty: whereas an express warranty has a time limit as to how long it is valid, a lifetime warranty has no such expiration date.

Which of the following statements is true of the Magnuson-Moss Warranty Act?

Which of the following statements is true of the Magnuson-Moss Warranty Improvement Act? It allows the Federal Trade Commission (FTC) to prescribe interpretive rules and policy statements regarding unfair or deceptive practices.

What are 3 examples of implied warranties?

There are many types of implied warranties including an implied warranty of merchantability, an implied warranty of fitness, an implied warranty of habitability (for a lease), and an implied warranty of marketability (for the sale of real property, also known as a marketable title).

What are the three things the Magnuson-Moss Warranty Act require?

To prevail under Magnuson-Moss, a plaintiff must show there is a valid warranty, the product was presented for repair during the warranty period, and the manufacturer failed to conform the product to the provisions of the warranty within a reasonable amount of time or number of repair attempts.

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