implied warranty -
21warranty — A promise that a proposition of fact is true. The Fred Smartley, Jr., C.A.Va., 108 F.2d 603, 606. An assurance by one party to agreement of existence of fact upon which other party may rely. It is intended precisely to relieve promisee of any… …
22Warranty — In commercial and consumer transactions, a warranty is an obligation or guarantee that an article or service sold is as factually stated or legally implied by the seller, and that often provides for a specific remedy such as repair or replacement …
23warranty — A guarantee by a seller to a buyer that if a product requires repair or remedy of a problem within a certain period after its purchase, the seller will repair the problem at no cost to the buyer. Bloomberg Financial Dictionary * * * warranty… …
24Implied Contract — A legal substitute for a contract. An implied contract is an agreement created by actions of the parties involved, but it is not written or spoken. This is a contract assumed to have been drawn. In this case, there is no written record nor any… …
25warranty — 1. noun a) Security; warrant; guarantee. The stamp was a warranty of the public. . b) An engagement or undertaking, expressed or implied, that a certain fact regarding the subject of a contract is, or shall be, as it is expressly implied or… …
26warranty — 1) A statement made clearly in a contract (express warranty) or, if not stated clearly, understood between the parties to the contract (implied warranty). An unfulfilled warranty does not invalidate the contract (as it would in the case of an… …
27Implied Contract Terms — Items that a court will assume are intended to be included in a contract, even though they are not expressly stated. Businesspeople generally do not want to rely upon a court s interpretation of implied terms, so a good contract will often be… …
28warranty of title — An implied warranty on the part of the seller in a sale or contract to sell personal property that he has, or will have at the time when property is to pass, the right to sell the goods; that the buyer shall enjoy quiet possession as against any… …
29warranty of fitness — see implied warranty …
30warranty of merchantability — see implied warranty …
