BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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implied warranty
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limited warranty
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oral warranty
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express warranty
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Detailed explanation-1: -An implied warranty is a guarantee that is not written down or explicitly spoken. Article 2 of the Uniform Commercial Code ("UCC") governs the sale of goods. An implied warranty is automatically presumed regarding the sale of goods or real property, which prevents a risk from transferring to the buyer.
Detailed explanation-2: -a guarantee of quality imposed by law and not in writing is a(n) implied warranty. a guarantee that goods are free of financial obligation, or lien, is called. warranty of title.
Detailed explanation-3: -You can sell without implied warranties-"as is"-in most, but not all states. To sell “as is” you must clearly and conspicuously disclaim implied warranties, generally in writing. You cannot avoid implied warranties if you offer a written warranty on a consumer product.
Detailed explanation-4: -Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title.