Show:
Express Warranties
Implied Warranties
Warranty Disclaimers
Consumer Laws and Agencies
State Statues
100
A warranty that is explicitly stated, in writing or verbally, to encourage a customer to make a purchase.
What is a express warranty
100
A warranty that takes effect automatically by state law whenever a purchase is made.
What is a implied warranty?
100
Protect's the business issuing them.
What does Warranty Disclaimers protect?
100
A working knowledge of relevant federal, state, and local laws.
What does business people knowledge need to consist of?
200
A written warranty can appear in a number of places.
Where can a written warranty appear?
200
Two
How many Types of implied warranties are there?
200
A statement that contains exceptions to and exclusions from a warranty.
What is a Disclaimer
300
Yes
Should the location of the warranty be accessible to customers?
300
The seller's promise that the product sold is fit for its intended purpose.
What is a Warranty of Merchantability?
300
Used to limit damages that can be recovered by a customer.
What are Disclaimers used for?
300
Many states have passed their own consumer protection laws.
What have many states passed?
400
Guarantees that if a product is found to be defective within the warranty period it will be repaired or replaced at no cost of to the purchaser.
What is a Full Warranty
400
Used when the seller advises a customer that a product is suitable for a particular use.
What is a Warranty of Fitness
400
A common form of disclaimer limits recovery to a refund of the purchase price.
What is a common form of disclaimer limits?
500
Joseph Lewis
Who is the Greatest alive?
500
Yes
Is there a Warranty of Fitness?
500
Beneficial to both businesses and customers.
What is Extended warranties beneficial to?