Unfortunately, when a business goes out of business, any warranties go out with the business unless it was an independent warranty company. If you had not taken delivery on the boats, it would be grounds to seek to rescind the contract
, but once you took delivery then you assumed the risk of them going out of business and not being able to honor the warranty. This has happened more frequently in this economy with many different companies and it is unfortunate for the buyers that they are out of luck on warranties, but there is no recourse against the company going out of business.
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