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Going out of business doesn't void warranty requirements. In many cases, getting recompense is impossible because they're bankrupt. Amazon, however, is not bankrupt, and has no ethical, legal reason not to have refunded the cost of the ebooks they sold from 2005-2007.
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And I sincerely hope that Amazon, famed for its customer service, worked with JS Wolf to resolve the problem. Indeed, we did not hear from JS Wolf that they simply blew him off. I wait to hear the rest of the story.