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The warranty is based in many jurisdictions either on case law or statute. — warranty of merchantability : a usually implied warranty that the property being sold is merchantable (as by being of a quality that is generally acceptable in that line of trade) Note: Under the Uniform ...
Define Warranty of merchantability. Warranty of merchantability synonyms, Warranty of merchantability pronunciation, Warranty of merchantability translation, English dictionary definition of Warranty of merchantability. implied warranty. Translations. En
Warranty Liabilities shall not include any Liability arising under any other purported warranty obligation, including implied warranties (such as, but not limited to, implied warranties of merchantability or fitness for particular purpose). Sample 1Sample 2Draft Instantly Based on 2 documents SaveCopy ...
Other articles where implied warranty of merchantability is discussed: warranty: Implied warranties: The warranty of merchantability obliges the merchant to sell or lease goods that pass without objection, are of average and uniform quality, fit for the
As stated earlier, implied warranties are not expressly represented in the written or oral sales agreement but are created and imposed through application of law, usually the UCC. The two primary implied warranties that accompany the sale or lease of goods are that of “merchantability” and that...
Animplied warranty, which is also called an implied warranty of merchantability, is a guarantee that the purchased product functions in the manner designed. It need not be expressed to be valid. This guarantee is implied unless it is explicitly excluded—typical of "as is" sales. ...
Implied Warranty of Merchantability,(产品质量的)默示保证,默示担保。 An assumption in law that the goods are fit for the ordinary purposes for which such goods areused. This implied warranty applies to every sale by a merchant who deals in goods of thekind sold. However, if there is a war...
Definition, How It Works, and Types An implied warranty is a legal term for the assurances that a product is fit for the purpose that it is intended and that it is merchantable, i.e., conforms to an ordinary buyer’s expectations. The warranty of merchantability is implied unless expressly...
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