Why I find the Lemon Law interesting and what the Lemon Law Is about Research Paper

Why I find the Lemon Law interesting and what the Lemon Law Is about - Research Paper Example This was the first ever consumer protection law filed in the U.S. (Paterson The History of the Lemon Law). The creation of the Federal Trade Commission in 1914 provided consumers with further protection from deceitful business practises and brought in regulations to prevent collusion in the marketplace. In the 1930s, a flurry of government activity at all levels during President Franklin Roosevelts New Deal era saw the creation of a number of regulatory bodies to protect consumers. The Lemon Law also saw its first incarnation in 1906 under the guise of the Uniform Sales Act. Cowan (The History of Lemon Laws) explains that before 1952s Uniform Commercial Code, commerce laws were not really united under one law. In fact, it was not until 1970 when the Song- Beverly Consumer Warranty Act was created. This was the basis for our modern lemon laws. Under this particular act consumers would be protected against defective products. The Federal version of the Lemon Law which is known as the Magnuson-Moss Act was finally passed in 1975 and this act became the basis of our modern Lemon Laws. (Cowan The History of Lemon Laws). Under the Magnuson-Moss Act the buyer is protected when purchasing a vehicle because: This lemon law states that any advertised guarantee should explicitly state relevant information about a warranty. This law ensures that any warranty for goods above $15 should be clearly expressed on the goods and should be clear and easy to understand. The Magnuson-Moss Warranty act enables a consumer to bring suit to any manufacturer, supplier, warrantor, or service contractor for any defective piece of good or services. (StateLawyers.com) The term Lemon Law was originally coined by the government in an effort to describe the laws that the government had set into place in order to protect automobile (thats a car to you and me) buyers from defects. The basic definition of the law basically states that: Lemon Law refers to the