Obligations and Penalties under Lemon Laws: Automobiles versus Tractors
Distinctive new provisions of tractor lemon laws which create obligations and provide penalties for defective self-propelled agricultural equipment are contrasted with provisions of automobile lemon laws. Lemon-law obligations involve both producers' guarantees to provide consumers with a servi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Western Agricultural Economics Association
1995-07-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/30923 |
| _version_ | 1819050959373860864 |
|---|---|
| author | Terence J. Centner Michael E. Wetzstein |
| author_facet | Terence J. Centner Michael E. Wetzstein |
| author_sort | Terence J. Centner |
| collection | DOAJ |
| description | Distinctive new provisions of tractor lemon laws which create obligations and provide penalties for defective self-propelled agricultural equipment are contrasted with provisions of automobile lemon laws. Lemon-law obligations involve both producers' guarantees to provide consumers with a serviceable vehicle and producers' promise to remedy defects. Due to fewer manufacturer obligations under the tractor lemon laws as opposed to automobile lemon laws, tractors may be expected to have more defects than automobiles. Yet the tractor lemon laws contain fewer penalties in the form of restitution remedies. The inconsistencies of these obligations and penalties suggest tractor laws may be inefficient. |
| first_indexed | 2024-12-21T11:56:20Z |
| format | Article |
| id | doaj.art-6c806aa986d8481a911f505c5ef0dd00 |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-12-21T11:56:20Z |
| publishDate | 1995-07-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-6c806aa986d8481a911f505c5ef0dd002022-12-21T19:04:56ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82851995-07-0120113514510.22004/ag.econ.3092330923Obligations and Penalties under Lemon Laws: Automobiles versus TractorsTerence J. CentnerMichael E. WetzsteinDistinctive new provisions of tractor lemon laws which create obligations and provide penalties for defective self-propelled agricultural equipment are contrasted with provisions of automobile lemon laws. Lemon-law obligations involve both producers' guarantees to provide consumers with a serviceable vehicle and producers' promise to remedy defects. Due to fewer manufacturer obligations under the tractor lemon laws as opposed to automobile lemon laws, tractors may be expected to have more defects than automobiles. Yet the tractor lemon laws contain fewer penalties in the form of restitution remedies. The inconsistencies of these obligations and penalties suggest tractor laws may be inefficient.https://ageconsearch.umn.edu/record/30923lemon lawsobligationprecautionprincipal-agentwarranty |
| spellingShingle | Terence J. Centner Michael E. Wetzstein Obligations and Penalties under Lemon Laws: Automobiles versus Tractors Journal of Agricultural and Resource Economics lemon laws obligation precaution principal-agent warranty |
| title | Obligations and Penalties under Lemon Laws: Automobiles versus Tractors |
| title_full | Obligations and Penalties under Lemon Laws: Automobiles versus Tractors |
| title_fullStr | Obligations and Penalties under Lemon Laws: Automobiles versus Tractors |
| title_full_unstemmed | Obligations and Penalties under Lemon Laws: Automobiles versus Tractors |
| title_short | Obligations and Penalties under Lemon Laws: Automobiles versus Tractors |
| title_sort | obligations and penalties under lemon laws automobiles versus tractors |
| topic | lemon laws obligation precaution principal-agent warranty |
| url | https://ageconsearch.umn.edu/record/30923 |
| work_keys_str_mv | AT terencejcentner obligationsandpenaltiesunderlemonlawsautomobilesversustractors AT michaelewetzstein obligationsandpenaltiesunderlemonlawsautomobilesversustractors |