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chapter 14

STUDY
PLAY
consequential damages
Special damages that compensate for a loss that does not directly or immediately result from the breach (for example, lost profits). For the plaintiff to collect consequential damages, they must have been reasonably foreseeable at the time the breach or injury occurred.
express warranty
a written guarantee
full warranty
a warranty that guarantees that if a product is found to be defective within the warranty period, it will be fixed or replaced at no cost to the purchaser.
guarantee
the word is often used in place of warranty
implied warranty
imposed by a law
limited warranty
a warranty that excludes certain parts of the product form coverage or requires the customer to bear some of the expense for repairs resulting form defects.
merchantable
fit to be offered for sale
puffery
exaggeration in advertising claims
warranty
another name of guarantee
warranty of fitness for a particular purpose
arises when the seller advises a customer that a product is suitable for a particular use and the customer act on that advice
warranty of merchantability
When a merchant sells goods, he or she gives ( The warranty assures the buyer that the product he or she is purchasing is of at least average quality and fit for the purpose for which it was intended.
warranty of title
the seller warrants that the title being conveyed is good and that the transfer is lawful