Across
- 5. the coverage meets the federal minimum standards for comprehensive warranties
- 7. an agreement by a seller to provide repairs or a replacement for a faulty product, component, or service within a specified time period after it was purchased
- 8. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
- 10. a customer has a 30-day length of time (or payment period) from when they received the invoice to pay their full invoice balance
- 11. a type of warranty that asserts that the goods are suitable for the special purpose of the buyer
- 13. implied warranty is a contract law term for certain assurances that are presumed to be made in the sale of products
Down
- 1. it covers just the parts and not the labor required to fully fix something.
- 2. a statement that denies something, especially responsibility.
- 3. a merchant's basic promise that the goods sold will do what they are supposed to do and that there is nothing significantly wrong with them
- 4. Installment credit accounts allow you to borrow a lump sum of money from a lender.
- 6. a type of credit account that provides a borrower with a maximum limit and allows for varying credit availability
- 9. a customer account with a retailer that allows the customer to make regular monthly payments to cover past and future purchases.
- 12. a written guarantee, issued to the purchaser of an article by its manufacturer, promising to repair or replace it if necessary within a specified period of time.