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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express warranty
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limited warranty
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full warranty
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Detailed explanation-1: -implied warranty. warranty that provides restricted protection. limited warranty. requirement of the buyer to notify the seller within a reasonable time after a products defect is discovered.
Detailed explanation-2: -What Is a “Limited Warranty"? A “limited warranty” restricts the warranty to specific parts, certain types of defects, or has other limitations. Limited warranties, unlike full warranties, can include a provision that restricts implied warranties to the length of the limited warranty.
Detailed explanation-3: -There are two types of warranty; express warranties and implied warranties, including merchantable warranties and warranties of fitness.
Detailed explanation-4: -"Full Warranty” means the coverage meets the federal minimum standards for comprehensive warranties, while “Limited Warranty” means the coverage does not. You must be able to demonstrate that any duties you impose are reasonable.