warranty

  • 91implied warranty — ➔ warranty * * * implied warranty UK US noun [C] COMMERCE, LAW ► a warranty to replace or repair a product or do a piece of work again, which is not in writing but is understood: »The purchaser should not accept any argument that implied… …

    Financial and business terms

  • 92express warranty — see warranty 2a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. express warranty …

    Law dictionary

  • 93Express Warranty — An agreement between the contract seller (dealer, manufacturer or independent company) and the buyer of a product to provide repair or replacement for covered components of the product for some specified time period. An express warranty is a… …

    Investment dictionary

  • 94special warranty deed — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. special warranty deed …

    Law dictionary

  • 95implied warranty —    A warranty on goods and services that is not explicit but is assumed. An implied warranty of merchantability guarantees quality and performance, and that the new item will work for its specified purpose. An implied warranty of title guarantees …

    Business law dictionary

  • 96implied warranty of fitness — A warranty implied by law that, if a seller knows or has reason to know a buyer will use property for a specific purpose, the property is suitable for that purpose. For example, if a buyer tells a seller he wants to purchase a watch suitable for… …

    Law dictionary

  • 97secret warranty program — A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by… …

    Law dictionary

  • 98full warranty — n. Contract law: as opposed to a limited warranty, a warranty that completely covers the repair or replacement of any defect in a consumer product. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …

    Law dictionary

  • 99express warranty — ➔ warranty …

    Financial and business terms

  • 100affirmative warranty — see warranty 3 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …

    Law dictionary