An implied warranty is a legal obligation imposed on a seller of goods, in which the seller guarantees that the product they are selling is fit for the purpose it was intended for. This warranty is not explicitly stated, but is implied by the law.
What is breach of implied warranty of merchantability?
The implied warranty of merchantability is a warranty that is automatically in effect when goods are purchased from a merchant. This warranty guarantees that the goods are fit for the ordinary purpose for which they were intended. If the goods are not fit for that purpose, the buyer can return the goods and receive a refund.
What are implied conditions? Implied conditions are those conditions that are not expressly stated in a contract or agreement, but which are inferred from the language of the contract or agreement, or from the circumstances surrounding the formation of the contract or agreement. For example, an implied condition of a contract for the sale of goods may be that the goods are of a certain quality, or that they will be delivered within a certain timeframe.
Is an implied warranty a contract? An implied warranty is a type of warranty that is not expressly stated in the contract, but is instead implied by the nature of the contract. For example, if you buy a car, the implied warranty is that the car will be fit for its intended purpose (i.e. transportation). If the car breaks down shortly after you buy it, you can sue the seller for breach of warranty. What is the most common type of implied warranty? The most common type of implied warranty is the warranty of merchantability. This warranty means that the product is fit for the ordinary purposes for which such products are used. What is the consequence of a breached implied warranty? There are a few different types of warranties that can be breached, but the most common is the warranty of habitability. This is an implied warranty that is included in every lease agreement. It states that the landlord is responsible for providing a livable space that is free from health and safety hazards. If the landlord breaches this warranty, the tenant may be able to withhold rent, break the lease, or sue the landlord.