§ 396-N — Sales with "money back guarantee" and with "limited guarantee"

New York § 396-N

• Jurisdiction: New York
• Law GBS: General Business
• Art. 26: Miscellaneous

Text

§ 396-n. Sales with "money back guarantee" and with "limited\nguarantee". 1. Definitions. As used in this section:\n (a) "Seller" shall include any person, firm, partnership or\ncorporation.\n (b) "Goods" shall mean merchandise that is bought for use primarily\nfor personal, family or household purposes.\n (c) "Money back guarantee" shall mean a promise made by a seller to a\npurchaser to repay, within the time period specified by the seller and\nupon the return of the merchandise, the full purchase price thereof.\n (d) "Limited guarantee" shall mean a promise made by a seller to a\npurchaser to repay, within the time period specified by the seller and\nupon the return of the merchandise, a portion of the purchase price, the\ncomputation of which shall be described in the terms of the guarantee.\n 2. Whenever a seller offers or advertises for sale goods with a\nguarantee that promises the return of the purchase price, upon the\nreturn of the merchandise, such guarantee shall be deemed to be a money\nback guarantee unless the term "limited guarantee" is used and the terms\nof limitation of such guarantee are specified.\n