Asked by Amneesh Rehal on Jun 01, 2024
Verified
Precision Parts Corporation and competitive merchants who deal in goods of the same kind assert that their products are of the proper quality. This is
A) an express warranty.
B) an implied warranty.
C) a warranty of title.
D) puffery.
Express Warranty
A clear and definite promise made by a seller about the quality or functionality of a product.
Proper Quality
refers to the standard of goods or services that meets the expectations and requirements set by regulatory bodies, industry standards, or customer expectations.
Merchants
Individuals or businesses engaged in the sale of goods and services, especially in the retail sector.
- Explore the repercussions of conventional trade practices and product worthiness on the projected duties and anticipations in sales accords.
Verified Answer
AV
Ashna VermaJun 07, 2024
Final Answer :
B
Explanation :
An implied warranty is a guarantee about the quality or functionality of a product that is not explicitly stated by the seller but is legally assumed by the seller to the buyer. When Precision Parts Corporation and competitive merchants assert that their products are of proper quality, they are creating an implied warranty of merchantability, which assures that the goods are fit for the general purpose for which they are sold.
Learning Objectives
- Explore the repercussions of conventional trade practices and product worthiness on the projected duties and anticipations in sales accords.