What is a warranty?
Q: What is a warranty?
A: A warranty is an obligation that an article or service sold has the quality a buyer can reasonably expect from the seller, and there must be a remedy such as repair or replacement if the article or service is not as good as the warranty says.
Q: What happens if a product is not as good as the warranty says?
A: If a product is not as good as the warranty says, it is a breach of the warranty, and the buyer can seek some type of remedy, such as repair or replacement.
Q: When is a promise considered broken with respect to a warranty?
A: A promise is considered broken and it is a breach of the warranty when a product is defective or not as good as should be expected by a reasonable buyer.
Q: What is an assurance given by one party to another party in business and legal transactions?
A: In business and legal transactions, an assurance given by one party to another party is called a warranty. It assures that certain facts or conditions are true or will happen, and the other party can rely on that assurance and seek some type of remedy if it is not true or followed.
Q: What is an express warranty?
A: An express warranty is a warranty that is explicitly stated, either orally or in writing, by the seller or manufacturer of a product or service.
Q: What is an implied warranty?
A: An implied warranty is a warranty that is not explicitly stated but is deemed to exist because of the circumstances surrounding the sale or transaction. This could be based on the nature of the product or service, the seller's previous dealings with the buyer, or industry practice.
Q: Who can rely on a warranty?
A: The other party to a transaction can rely on a warranty given by one party to the other party, and seek some type of remedy if it is not true or followed.
