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Meaning. Warranty is a written assurance, which states that the given information regarding the product is true and accurate. If there is an issue, the product will be repaired or replaced by the manufacturer. The guarantee is a commitment provided by the manufacturer to the consumers.
The warranty should also include the labour to replace bad parts. But, the warranty does not have to cover: fluids, lights, tires, or batteries. parts that were not under a warranty by the manufacturer when the car was new.
Terms in this set (7) express warranty. implied warranty. warranty of fitness. Warranty of merchantability. warranty of title. BdocHub of Warranty. dicslaimer of warranty.
There are two types of warranty; express warranties and implied warranties, including merchantable warranties and warranties of fitness. The seller clearly states express warranties and covers goods advertised to meet consumers expectations. They can be written or spoken warranties.
There are two types of warranties: express and implied. Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title.
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Types of Warranties. There are two general types of warranties, expressed and implied.
A vehicle warranty is like an insurance plan: If something goes wrong, you take the vehicle to the mechanics shop for repair. If the problem is included under the warranty, then the repairs are paid foreven if your car needs thousands of dollars worth of repair work.
Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title.
There are many types of implied warranties including an implied warranty of merchantability, an implied warranty of fitness, an implied warranty of habitability (for a lease), and an implied warranty of marketability (for the sale of real property, also known as a marketable title).
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.

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