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The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law ( 15 U.S.C. § 2301 et seq. ). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
GRID Alternatives (GRID) is a national 501(c)(3) nonprofit organization based in Oakland, California. Founded by Erica Mackie and Tim Sears in 2004, it installs solar power systems and provides job training for underserved communities and operates in the United States , Mexico , Nicaragua , and Nepal .
Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...
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Warranty. In law, a warranty is an expressed or implied promise or assurance of some kind. The term's meaning varies across legal subjects. [1] In property law, it refers to a covenant by the grantor of a deed. [2] In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured.
Essentially, a homeowners insurance policy is insurance, while a home warranty is a service contract. Home insurance might be required by your lender, but home warranties are not. A home warranty ...
Surety. In finance, a surety / ˈʃʊərɪti /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal ...
The grid tie inverter (GTI) must match the phase of the grid and maintain the output voltage slightly higher than the grid voltage at any instant. A high-quality modern grid-tie inverter has a fixed unity power factor, which means its output voltage and current are perfectly lined up, and its phase angle is within 1° of the AC power grid. The ...