| A | B |
|---|
| Warranty | A promise or guarantee made by a seller that goods offered for sale are not defective and will perform properly |
| Express Warranty | written or verbal statement concerning the quality or performance of goods offered for sale; the statement becomes part of the bargain between the parties |
| puffing | seller's opinion or obvious exaggeration |
| Magnuson-Moss Warranty Act | applies to written warranties; all essential terms disclosed in a single document |
| Limited Warranty | will cover some defects or problems of a product but not others |
| Extended Warranty | can be purchased by consumer to provide a warranty over a longer period of time |
| Implied Warranty | unwritten promise, created by law, that ensures a product will do what it is supposed to do |
| Warranty of Merchantability | unwritten promise that at least an item will perform in an average way for that type of item |
| Warranty of Fitness for a Particular Purpose | salesperson creates an implied warranty that the product will work for a stated purpose, as specified by the consumer |
| Warranty of Title | seller's promise that he or she owns the item being offered for sale, and that it is not stolen property |
