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1. www.investopedia.com › terms › iWhat Is an Implied Warranty? Definition, How It Works, and Types

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   Aug 3, 2024 · The two key types of implied warranties are merchantability and fitness. Merchantability says that a product will meet reasonable expectations of the buyer, while fitness means the product...

   • Author: Will Kenton

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3. www.investopedia.com › terms › wWarranty Definition, How It Works, Types, and Example

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   Jun 30, 2024 · There are two types of warranties—express and implied. Each has sub-types intended for different circumstances and products.

   • Author: Will Kenton

4. livewell.com › finance › what-is-an-implied-warrantyWhat Is An Implied Warranty? Definition, How It Works, And Types

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   Dec 7, 2023 · An implied warranty is an unspoken guarantee that a product or service will meet certain expectations of quality and performance. There are two main types of implied warranties: the implied warranty of merchantability and the implied warranty of fitness for a particular purpose.

5. legaldictionary.net › implied-warrantyImplied Warranty - Definition, and Examples - Legal Dictionary

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   Jan 8, 2015 · In the purchase of any item, there is an implied, or “assumed,” warranty that the product or real property is fit to be used for its particular purpose. Even when there is no written warranty accompanying the purchase of a thing, this implied warranty of purpose and merchantability exists.

6. www.upcounsel.com › implied-warrantyImplied Warranty: Everything You Need to Know - UpCounsel

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   Sep 19, 2022 · There exist a few different types of implied warranties: Warranty of Merchantability: this is generally what we think of when it comes to an implied warranty. Warranty of merchantability is unspoken or unwritten and allows the buyer to reasonably assume that what they are buying is going to meet or fit their standards.

7. cms.law › en › intWarranty law in supply contracts in England and Wales

   cms.law › en › int

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   Nov 1, 2015 · England and Wales. General Remarks. Legislation implies a number of important terms into all sale of goods contracts to protect purchasers. These implied terms apply whether the contract is with a consumer or a business.

8. www.findlaw.com › consumer › consumer-transactionsWhat Are Express and Implied Warranties? - FindLaw

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   Mar 27, 2024 · The two main types are express and implied warranties. An express warranty is clearly stated either verbally or in writing. An implied warranty automatically covers most consumer goods but only provides a base level of consumer protection.