Implied warranty
Implied warranty, also known as an implied warranty of merchantability, is a guarantee that a product is fit for its intended purpose. This warranty is automatically applied to all products sold, unless explicitly disclaimed by the seller.
For example, if you purchase a new laptop, there is an implied warranty that it will function properly for its intended use. If the laptop stops working shortly after purchase, the seller may be obligated to repair or replace it under the implied warranty.
Implied warranties can vary by jurisdiction, so it is important to understand the laws in your area. In some cases, sellers may attempt to disclaim implied warranties through language in a sales contract or by selling products ”as is.”
It is important for consumers to be aware of implied warranties when making purchases, as they provide important protections in case a product does not meet expectations.
Examples of implied warranty:
- A car purchased from a dealership has an implied warranty that it will be safe to drive
- A new refrigerator has an implied warranty that it will keep food cold
- An electronic device has an implied warranty that it will function properly
For more information on implied warranties, you can visit Wikipedia.