BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -There are three kinds of warranties: express, implied warranty of merchantability, and implied warranty of fitness. A lawsuit based solely on a breach of warranty is a breach of contract lawsuit. “Express” warranties are specific guarantees made by a seller about the product.

Detailed explanation-2: -There are a number of problems with the use of warranty theory: there must have been a sale of the goods; the plaintiff must bring the action within the statute of limitations; and the plaintiff must notify the seller within a reasonable time.

Detailed explanation-3: -ELEMENTS OF A WARRANTY Length of warranty. Description of the products, parts, properties, or characteristics covered by or excluded from the warranty. Steps for customer in the event that warranty coverage comes into play. Warrantor’s response when confronted with product/service malfunctions, defects, or failures.

Detailed explanation-4: -There are two general types of warranties, expressed and implied. Each category has different sub-types of warranties, with terms, conditions, and guarantees.