Ch. 14 Express & Implied Warranties

warranty

another name for guarantee

puffery

another name for sales talk

merchantable

goods that pass without objection, are fit for their ordinary purpose , adequately contained, and conform to statements made on the label

implied warranty

guarantee of quality imposed by law

express warranty

guarantee of quality that comes from statements and promises made by the seller, descriptions of the goods, and the showing of samples and models

consequential damages

losses that do not flow directly from an act but only from some of the consequences or results of the act

warranty of fitness for a particular purpose

seller advises the buyer in making a purchase, and the buyer relies on the seller's knowledge and advice when making the purchase

warranty of title

seller warrants that the title being conveyd is good and that the transfer is lawful

guarantee

used in place of warranty

full warranty

warranty in which a defective product will be fixed or replaced for free within a reasonable time after a complaint has been made about it

limited warranty

warranty that provides less than what is provided by a full warranty

warranty of merchantability

warrany that is given only by someoner who is a merchant