2013 New York Consolidated Laws
GBS - General Business
Article 26 - (390 - 399-ZZZ) MISCELLANEOUS
396-N - Sales with "money back guarantee" and with "limited guarantee".


NY Gen Bus L § 396-N (2012) What's This?
 
    §   396-n.  Sales  with  "money  back  guarantee"  and  with  "limited
  guarantee".  1. Definitions. As used in this section:
    (a)  "Seller"  shall  include  any  person,   firm,   partnership   or
  corporation.
    (b)  "Goods"  shall  mean merchandise that is bought for use primarily
  for personal, family or household purposes.
    (c) "Money back guarantee" shall mean a promise made by a seller to  a
  purchaser  to  repay, within the time period specified by the seller and
  upon the return of the merchandise, the full purchase price thereof.
    (d) "Limited guarantee" shall mean a promise made by  a  seller  to  a
  purchaser  to  repay, within the time period specified by the seller and
  upon the return of the merchandise, a portion of the purchase price, the
  computation of which shall be described in the terms of the guarantee.
    2. Whenever a seller offers  or  advertises  for  sale  goods  with  a
  guarantee  that  promises  the  return  of  the purchase price, upon the
  return of the merchandise, such guarantee shall be deemed to be a  money
  back guarantee unless the term "limited guarantee" is used and the terms
  of limitation of such guarantee are specified.

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