A | B |
Warranty | Another name for a guarantee |
express warranty | An oral or written statement, promise, or representation about the quality, ability or performance of a product |
Puffery | Sales talk |
Full warranty | Promises to fix or repair a defective product at no cost to the consumer |
implied warranty | A guarantee of quality imposed by law |
warranty of fitness for a particular purpose | Created when the seller knows the purpose for which the goods are needed. |
Warranty of Merchantability | Warrants that the goods being sold are fit for ordinary purposes |
Usage of trade | Arises from the customary ways in which parties have dealt in the past. |
warranty of title | includes an implied promise that the goods will be delivered free from any lien, or claim by another. |
Consequential damages | Losses that do not flow directly from an act but from some of the consequences or results of the act |