Understanding Business and Personal LawChapter 14:
The Importance of WarrantiesChapter OverviewsReady to Learn? Warranty is another name for guarantee. An express warranty is an oral or written statement, promise or other representation about the quality, ability, or performance of a product. Express warranties apply to goods that are sold or leased. An implied warranty is a guarantee of quality imposed by law. There are times when warranties are not in force. In this chapter, you will better understand warranties, when they are excluded and how to determine what is covered by the warranties. This information will help you make more informed purchases and save you money. |