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In many countries, the word "refurbished" is not legally protected (although France has introduced a legal definition as of 2022). [1] This means that different electronics resellers will have different definitions of what counts as a refurbished device. In theory, a smartphone could be sold as 'refurbished' with no repairs or testing whatsoever.
A return merchandise authorization (RMA), return authorization (RA) or return goods authorization (RGA) is a part of the process of returning a product to receive a refund, replacement, or repair to which buyer and seller agree during the product's warranty period. [1] [2]
Consumers Union said in 2006 that only two products deserved extended warranty consideration: projection TVs and digital cameras, as both are expensive to repair and require frequent repairs. [5] In spite of such advice, consumers frequently purchase extended warranties because they overestimate the frequency of failure.
The DJI Osmo Mobile 3 is on sale for $98 at Amazon and the combo kit, which includes the gimbal along with a carrying case, grip tripod and a few other accessories, dropped from $140 to $119.
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
Magnuson–Moss Warranty Act; Long title: An Act to provide disclosure standards for written consumer product warranties against defect or malfunction; to define Federal content standards for such warranties; to amend the Federal Trade Commission Act in order to improve its consumer protection activities; An Act to provide minimum disclosure standards for written consumer product warranties ...