The Fun Tyme Toy Company discovers that one of its products can easily break, exposing children to potential injury from the sharp parts. Under the Consumer Product Safety Act of 1972, how long does Fun Tyme have to report this defect to the Consumer Product Safety Commission

The Fun Tyme Toy Company

According to the Consumer Product Safety Act of 1972,  Fun Tyme has 24 hours following the discovery of the defect to report it to the Consumer Product Safety Commission.

Explanation:

The purpose of creating the Consumer Product Safety Commission by Congress in 1972 is to ensure that consumers are adequately protected from unreasonable risks of injuries associated with all types of consumer products.  The reasonable time to report a defect in any consumer product is within 24 hours after the discovery is made.  There are penalties for failure to comply with existing regulations on consumer product safety.

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