| A | B |
|---|
| disclaimer | Notive of exclusion of warranty |
| restitution | Permits a party to a contract to recover money or property (of the same value) from the other party |
| consumer | Individual who buys primarily for personal, family, or household use |
| puffing | Greatly exaggerated sales talk |
| caveat emptor | Let the buyer beware |
| caveat venditor | Let the seller beware |
| implied warranty | Obligation implicitly imposed on all sellers |
| unfair trade practice | Dishonest, fraudulent, or anit-competitive business method |
| class action | Lawsuit made possible by the procedural joining of similarly situated plaintiffs (When a large group of people feel they have been a victim of an injury or loss due to the use of the same product or service) |
| express warranty | Explicit assurance of quality or performance by the seller |
| product liability | Affixing of responsibility to compensate buyers, users, and others for injuries caused by a defective product |
| encumbrances | Claims of third parties against property, for example, for an unpaid balance |
| privity of contract | The relationship that exists between or among the contracting parties as a result of their legally bining agreement |
