The OP has a point and if the wood is defective, Fender absolutely is obligated to replace it. However, unless said defect effects playability, the whole claim is null. I only wish I knew this way back when I took delivery of a MIM Precision from MF with a knot (dark spot, twisted neck) and I would have been more pro-active...but I knew squat about the dynamics of wood at the time. I lost out on that one but it was pretty funny when I brought it to GC to trade for some cables and a case and with just a glance the employee said the neck had a "pretty bad bow" (this is a standard ploy by GC to dissuade anyone bringing in a bass for trade these days). The employee and manager looked at me like I was nuts when I corrected the employee by saying the neck "Is actually twisted."