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For example, if a consumer tells the salesperson at the hardware store that he needs a tool that drills metal, and the salesperson recommends a particular tool that does not drill metal, the implied warranty of fitness will have been bdocHubed.
The elements of a bdocHub of implied warranty of merchantability are that goods sold were unreasonably dangerous for use to which they would ordinarily be put or for some other reasonably foreseeable purpose.
Proving the claim usually involves one or more of three basic theories of liability: negligence, bdocHub of contract/warranty, and strict liability.
Warranty Liability means any Liability of the Company arising from any express warranty or bdocHub of warranty claim, guaranty, indemnity, or other Contract, with respect to any product manufactured, sold or distributed, or any service performed, by the Company prior to the Closing Date.
A warranty of merchantability is a type of warranty that asserts that the goods are reasonably fit for its ordinary and intended purpose for which they are sold. An implied warranty of merchantability is defined in U.C.C. 2-314.
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discussed earlier, the warranty option, like a stock option, has five key components: value of underlying asset, exercise price, time to expiration, volatility, and risk-free rate. The explanations of these components with respect to the warranty option are listed in Table 2.
There are many examples of warranties depending on the type of product a consumer is buying. Some examples may include replacing a product such as a mobile phone if it does not the way it is advertised. A consumer may also receive free repair services where a product has been damaged during use.
For example, if you tell a salesman you want a saw for cutting metal and it turns out it wont cut through metal, you may return the item under the implied warranty of fitness. With the warranty of fitness, the good or product works fine, but it does not meet the buyers intended use.
In every sale between a merchant and a consumer, there exists an implied warranty of merchantability. This means that the goods bought will be fit for their ordinary use. For example, if you buy a golf club from a golf shop, there is an implied warranty in the sale that the golf club will perform as it was designed to.
For example, if a consumer tells the salesperson at the hardware store that he needs a tool that drills metal, and the salesperson recommends a particular tool that does not drill metal, the implied warranty of fitness will have been bdocHubed.

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