Asked by Nathan Labonté on Jul 04, 2024
Verified
Express and implied warranties do not displace each other-more than one warranty can cover the same goods in the same transaction.
Express Warranties
Explicit guarantees provided by a seller to a buyer regarding the quality, performance, or specifications of a product or service.
Implied Warranties
Legal assurances that are not explicitly stated but are assumed in the sale of goods, suggesting they will function as expected.
Transaction
A business deal or action, such as buying or selling, between two or more parties.
- Familiarize oneself with the idea of warranty, including the distinctions between express and implied warranties.
Verified Answer
TW
Teelyly WangchiaxaJul 05, 2024
Final Answer :
True
Explanation :
Express and implied warranties can coexist in the same transaction, providing multiple layers of protection to the buyer. An express warranty is a specific promise made by the seller about the product, while implied warranties are automatic under the law, such as the warranty of merchantability or fitness for a particular purpose.
Learning Objectives
- Familiarize oneself with the idea of warranty, including the distinctions between express and implied warranties.