warranty contract
51Implied 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… …
52service contract — ➔ contract1 * * * service contract UK US noun [C] ► HR a formal agreement between a company and an employee in a high position about their pay and conditions of employment (= rules under which they are employed): »The company has reduced service… …
53home warranty — A service contract that covers a major housing system for example, plumbing or electrical wiring for a set period of time from the date a house is sold. The warranty guarantees repairs to the covered system and is renewable. Category: Real Estate …
54express warranty — A warranty in which the seller explicitly makes promises regarding the quality, condition or performance of the goods being sold. Such warranties usually come directly from the manufacturer or are included in the sales contract. It is best to… …
55implied warranty of merchantability — or implied warranty that goods are merchantable means that the consumer goods meet each of the following: (1) Pass without objection in the trade under the contract description; (2) Are fit for the ordinary purposes for which such goods are used; …
56implied warranty that goods are merchantable — Implied warranty of merchantability or implied warranty that goods are merchantable means that the consumer goods meet each of the following: (1) Pass without objection in the trade under the contract description; (2) Are fit for the ordinary… …
57divisible contract — A contract of which a part is susceptible of separate or independent treatment with respect to some particular right or remedy. 46 Am J1st Sales § 140. A contract, the performance of which is divided into different groups, each set embracing… …
58floating warranty — A guarantee given by one person to another that induces this other person to enter into a contract with a third party. For example, a car dealer may induce a customer to enter into a hire purchase contract with a finance company. If the car does… …
59Implied Warranty — Under a sales contract, whether written or oral, there is a guarantee that the item sold is merchantable and fit for the purpose intended. This guarantee arises by operation of law and is in addition to any expressed warranties that are provided… …
60breach of warranty — /ˌbri:tʃ əv wɒrənti/ noun 1. the act of supplying goods which do not meet the standards of the warranty applied to them 2. a fail ure to do something which is a part of a contract …
