Law I Warranty Vocab Quiz

An Express Warranty

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• is an exaggerated statement or advertisement as to the desirability or reliability of a product or service

• is the unwritten minimum standard of quality the law requires of products offered for sale

• is the legal responsibility for damage or injury even if you are not being negligent

Puffing

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• is an exaggerated statement or advertisement as to the desirability or reliability of a product or service

• is the unwritten minimum standard of quality the law requires of products offered for sale

• is the legal responsibility for damage or injury even if you are not being negligent

An Implied Warranty

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• is an exaggerated statement or advertisement as to the desirability or reliability of a product or service

• is the unwritten minimum standard of quality the law requires of products offered for sale

• covers the fixing/replacement of the defective product at no cost to consumer and must be done in a reasonable amount of time. It also applies to anyone who owns the product during the warranty period (not just original purchaser)

A full warranty

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• usually covers some defects or problems of a product but not others, such as covering the cost of new parts for a malfunctioning TV but not paying for the labor needed to install the parts

• is the unwritten minimum standard of quality the law requires of products offered for sale

• covers the fixing/replacement of the defective product at no cost to consumer and must be done in a reasonable amount of time. It also applies to anyone who owns the product during the warranty period (not just original purchaser)

A limited warranty

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• usually covers some defects or problems of a product but not others, such as covering the cost of new parts for a malfunctioning TV but not paying for the labor needed to install the parts

• is the unwritten minimum standard of quality the law requires of products offered for sale

• covers the fixing/replacement of the defective product at no cost to consumer and must be done in a reasonable amount of time. It also applies to anyone who owns the product during the warranty period (not just original purchaser)

Strict Liability

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• is an exaggerated statement or advertisement as to the desirability or reliability of a product or service

• is the unwritten minimum standard of quality the law requires of products offered for sale

• is the legal responsibility for damage or injury even if you are not being negligent

A warranty of merchantability

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• is a seller's promise, implied by law, that the item sold will meet the buyer's stated purpose.

• is an implied promise that the item sold is of at least average quality for that type of item

• is the seller's promise that he or she owns and may transmit title to the item being offered for sale

A warranty of fitness for a particular purpose

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• is a seller's promise, implied by law, that the item sold will meet the buyer's stated purpose.

• is an implied promise that the item sold is of at least average quality for that type of item

• is the seller's promise that he or she owns and may transmit title to the item being offered for sale

A warranty of title

• is a statement of fact or a demonstration concerning the quality or performance o goods offered for sale that becomes part of the bargain between parties.

• is a seller's promise, implied by law, that the item sold will meet the buyer's stated purpose.

• is an implied promise that the item sold is of at least average quality for that type of item

• is the seller's promise that he or she owns and may transmit title to the item being offered for sale