The correct choice highlights that any consumer products with warranties must be fully and fairly disclosed to buyers. The Magnuson-Moss Warranty Act mandates that warranties must be clear and understandable to consumers, ensuring that they know what is covered and any limitations or conditions attached to the warranty. This aspect of the law is designed to protect consumers by requiring sellers to provide detailed information about the warranties associated with their products, which empowers consumers to make informed purchasing decisions.
The other options do not align with the intent and stipulations of the Magnuson-Moss Warranty Act. Warranties are not required to be free of charge, as consumers may pay for products that come with warranties. Similarly, while warranties can be offered, they are not mandatory for all products, thereby making them optional rather than compulsory. Furthermore, the Act does not specify that only goods over a certain price point must have warranties; instead, it applies broadly to consumer products.