Happy Labor Day - with Limited Warranties

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We honor Labor today by doing very little labor ourselves. If we had our druthers, today would consist of little more than barbecue and indolence. But some members of the family seize upon every holiday as a cue for shopping. There are sales upon sales. For at least a part of today, we expect to stand in an aisle of one our nation's few electronics stores not yet in Chapter 11, listening to a 20 year old in a colorful polo shirt sling pseudo-techno blather at us. Eventually, he (sorry, but it usually is a he - the sort of guy whose online accomplishments against aliens and zombies far outstretches anything here on quotidian little Earth) will try to sell us an extended warranty.

There are two things you need to know about extended warranties. First, they are a sucker play. But if you are one of our typically suave, sophisticated readers, that bit of news hardly comes as a surprise. Second, the reference to warranties is our weak, desperate gambit for transitioning into today's case discussion. That won't surprise you, either.

Please see full article below for more information.

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Dechert LLP on:

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