Implied warranty

Implied Warranty

An implied warranty is a legal term used in the context of commercial transactions. It is an unwritten promise that the goods or services sold by a seller are of certain quality and that they will perform as expected. This warranty is implied by law, even if the seller does not explicitly guarantee its product or service. An implied warranty is not necessarily written down on paper, but it is still enforceable by law. It is a guarantee that the goods or services purchased will be of a certain quality. This ensures that buyers can expect certain standards when they purchase goods or services.

Types of Implied Warranty

There are two main types of implied warranty: implied warranty of merchantability and implied warranty of fitness for a particular purpose. The implied warranty of merchantability is a guarantee that the goods purchased will be of a certain quality and that they will perform as expected. It implies that the goods are fit for their intended purpose and are of a certain quality. The implied warranty of fitness for a particular purpose is a promise by the seller that the goods purchased will be suitable for a specific purpose. This implied warranty is most often seen in situations where the buyer has specified a particular purpose for the goods or services purchased.

Implied Warranty Examples

  • Implied warranty of merchantability: When a customer buys a television from a store, they can expect that the television will work as expected. This is an example of an implied warranty of merchantability.
  • Implied warranty of fitness for a particular purpose: When a customer buys a laptop from a store for the purpose of editing videos, they can expect that the laptop will be suitable for that purpose. This is an example of an implied warranty of fitness for a particular purpose.

Conclusion

An implied warranty is an unwritten promise that the goods or services sold by a seller are of certain quality and that they will perform as expected. There are two main types of implied warranty: implied warranty of merchantability and implied warranty of fitness for a particular purpose. It is important to understand the implications of these warranties in order to protect one’s rights as a consumer.

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