IV. Upon sale to a second owner:
The warranty coverage will be a minimum of 90 days. The warranty
coverage will be as stated in Section ll above and length will be the
remainder of the 480 hours left, or 90 days, whichever is greater.
After the 90 days or 480 hour period, all warranty coverage under
this Limited Warranty Statement shall expire and be of no further
force or effect.
V. There is no warranty coverage for a third or subsequent owner
regardless of hours.
5. Limitation of Liability.
5.1 Liability Limitation: Exclusion of Consequential Damages. This
Limited Warranty is for the benefit of the owner and MasterCraft,
and shall not create or evidence any right in any third party. The
repair or replacement of defective component parts as provided
under this limited warranty is the exclusive remedy of the consum-
er. To the maximum extent permitted by applicable law, in no event
shall MasterCraft be liable for any incidental, consequential, special,
indirect, punitive or exemplary damages or lost profits whatsoever
arising out of the use or inability to use the boat or any component
part thereof, or for any breach of this limited warranty or otherwise,
even if MasterCraft has been advised of the possibility of such
damages or such damages could reasonably have been foreseen
by MasterCraft. However, some states do not allow the exclusion
or limitation of incidental or consequential damages, so the above
limitation or exclusion may not apply to you.
5.2 Purchase Price Limitation. In any event, MasterCraft’s entire lia-
bility under any provision of this Limited Warranty shall be limited to
the repair or replacement of the boat, trailer or component part, or
the refund of the purchase price paid by the consumer for the boat,
trailer or component part found to be defective within the applicable
warranty period. This shall constitute MasterCraft’s sole liability and
obligation in the event of any claim arising out of its performance or
nonperformance of any provision of this Limited Warranty. Because
some states and jurisdictions do not allow the exclusion or limita-
tion of liability, the above limitations may not apply to you.
6. Transfer of Limited Warranty. Subject to the provisions of this
Section 6, upon the first sale, conveyance or other transfer of the
boat or trailer by the original retail purchaser, any remaining unex-
pired Limited Warranty coverage shall be transferred to the second
owner and shall remain in effect for the remainder of the applicable
warranty period(s) set forth in Sections 2.1, 2.2, 2.3 and 2.4 hereof
(which warranty periods begin to run in accordance with Section 2.5
hereof), upon delivery of the warranty transfer card and payment of
the applicable warranty transfer fee to MasterCraft. With respect
to the Lifetime Limited Warranty (granted only to the original retail
purchaser) on the Structural Components set forth in Section 2.1
hereof, if: (a) the sale, conveyance or other transfer of the boat by
the original retail purchaser to another person or entity occurs with-
in five (5) years of the date of the original retail purchase of the boat
by the original retail purchaser; AND (b) the original retail purchaser
and the second owner comply with the provisions of this Section 5;
then the Limited Warranty on the Structural Components shall be
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