Asked by
Julia Boffa
on Nov 30, 2024
Verified
Fitness for a particular purpose and merchantability are implied warranties that apply only to sales by commercial vendors.
Fitness for a Particular Purpose
A warranty that a product will meet the specific needs or criteria outlined by the buyer at the time of purchase.
Merchantability
Refers to the guarantee that a product sold meets reasonable expectations of quality and usability for its intended purpose.
Implied Warranties
Legal guarantees that ensure a product meets certain minimum standards of quality and functionality, even if not expressly stated.
- Identify the roots of the merchantability guarantee and its differences.
- Analyze the differences and legal effects between express and implied warranties.
Verified Answer
LM
Learning Objectives
- Identify the roots of the merchantability guarantee and its differences.
- Analyze the differences and legal effects between express and implied warranties.