A warranty is a promise made by the seller of a product or service that the product or service will meet certain standards. Warranties can be either express or implied.

An express warranty is a written or spoken promise made by the seller of a product or service. Express warranties can be either full or limited. A full warranty promises that the product or service will be free from defects and will meet the standards that were promised by the seller. A limited warranty promises that the product or service will be free from defects for a certain period of time, but does not promise that the product or service will meet the standards that were promised by the seller.

An implied warranty is a warranty that is not written or spoken, but is implied by law. There are two types of implied warranties: the implied warranty of merchantability and the implied warranty of fitness for a particular purpose.

The implied warranty of merchantability promises that the product or service will be fit for the ordinary purposes for which it is used. For example, a car that is sold with an implied warranty of merchantability is supposed to be able to drive.

The implied warranty of fitness for a particular purpose promises that the product or service will be fit for the specific purpose that the buyer told the seller about. For example, if you tell a car dealer that you need a car that can tow a boat, the car dealer has an implied warranty that the car will be able to tow a boat.

If a product or service does not meet the standards that were promised, the buyer may be able to return the product or service for a refund or a replacement. The buyer may also be able to sue the seller for damages.

It is important to read the warranty carefully before you buy a product or service. This will help you to understand what the seller is promising and what you can do if the product or service does not meet the standards that were promised.

Here are some tips for understanding warranties:

• Read the warranty carefully: The warranty should be written in plain language that is easy to understand.
• Ask questions: If you do not understand something in the warranty, ask the seller to explain it to you.
• Keep the warranty: The warranty is a contract between you and the seller. It is important to keep the warranty in case you need to return the product or service for a refund or a replacement.

By following these tips, you can understand warranties and protect your rights as a buyer.

Sources

1. books.google.com/books?id=g8d-HD58aS4C