Warranty
In business law, a warranty is a promise that something sold is in good condition. A warranty may be express or implied. A breach of warranty occurs when the promise is broken, i.e., a product is defective or not as should be expected by a reasonable buyer. A warranty deed is a promise that the buyer's title to a parcel of land will be defended.
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An express warranty is one in which the seller indicates specific qualities of the goods, such as "waterproof" or "hypoallergenic." It is nearly impossible to disclaim an express warranty without creating a contradiction. If the goods fail to perform as advertised or as shown in a sample, it is a breach of express warranty.
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~ Table of Content ~
| ► | Introduction |
| ► | Implied warranty |
| ► | Breach of warranty |
| ► | Extended warranty |
| ► | See also |
| ► | External Links |
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