11 terms

Ch 14 - Warranties

another name for guarantee
express warranty
an oral or written statement, promise, or other representation about the quality, ability, or performance of a product
full warranty
promise to fix or replace a defective product at no charge to the consumer
limited warranty
any written warranty that does not meet the requirments for a full warranty
implied warranty
a guarantee of quality imposed by law
warranty of fitness
seller warrants by implication that the goods will be fit for the purpose for which they are to be used
warrant of merchantability
merchant warrants that the goods being sold are mechantable
warranty of title
seller warrants that the title being conveyed is good and that the transfer is lawful
consequential damages
losses that do not flow directly from an act but from some of the results of an act
privity of contract
people who contract directly with each other
duty to notify
requires the buyer to notify the seller with a reasonable time after the defect is discovered