BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Express warranty is when it is explicitly stated either orally or in writing to guarantee any products or a service’s quality or reliability. These promises include any representation of products, description of products/services, or statements of facts. Many of the purchases we make are covered by a warranty.

Detailed explanation-2: -An express warranty is a warranty as to the condition, quality, or nature of a good or property intentionally and clearly stated to the other contracting party.

Detailed explanation-3: -Express warranties can take a variety of forms, ranging from advertising claims to formal certificates. An express warranty can be made either orally or in writing. While oral warranties are important, only written warranties on consumer products are covered by the Magnuson-Moss Warranty Act, 15 U.S.C § 2303.

Detailed explanation-4: -Promises of fact made during the bargaining process are express warranties. A contract cannot include both an implied warranty and an express warranty. A merchant cannot disclaim an implied warranty of merchantability. An express warranty can be limited.