Define and describe the concept of" warranty". in your response set forth the difference between an...

Define and describe the concept of" warranty". in your response set forth the difference between an express warranty and limited warranty. and describe the concept the "implied warranty of merchantability".

Solutions

Expert Solution

Warranty - Warranty can be defined as written guarantee that a manufacture issues to a purchaser and promise to repair the product or replace the product if its is necessary but that can be done within a specified period of time which is mentioned in the written agreement.

The basic difference between express warranty and limited warranty is express warranty is the contract in which it claims to repair or replace the protect if there is any damage in the product or any quality issues but in limited warranty only the base level of protection is covered and for better claim express warranty is better. For example in many products in the initial phase express warranty is valid and then limited warranty.

Implied warranty of merchantability - Generally all the consumer goods are covered by an implied warranty of merchantability which actually depicts that is claimed to be working as expected and if that is not the case then there is a breach of contract. Merchantability is defined by the federal law and a product is merchantable only when the product is according to the standards mentioned in the contract, the quality and quantity should be as per the mentioned terms, the packaged label should poses the specifications and the product must me them.

keosha answered 5 months ago

Next > < Previous

Related Solutions

Define and describe the concept of a surety. In your response define and describe the concept...

Define and describe the concept of a surety. In your response define and describe the concept of an insurable interest and the factor of risk as it applies to insurance.

Describe and describe the stock corporation. in your response set forth the manner in which a...

Describe and describe the stock corporation. in your response set forth the manner in which a corporation is created as well as the advantages of conducting business in a corporation format. Finally, list and describe the three levels of the corporate hierarchy. And describe the difference between par value and no par value stock.

Define and explain the concept of Inflation and describe the difference between demand-pull and cost-push inflation

In your own words, explain, the difference, between the concept of ANOVA/ANCOVA with the concept of...

In your own words, explain, the difference, between the concept of ANOVA/ANCOVA with the concept of MANOVA/MANCOVA. Include in your explanation, what type of research question one might use the statistical concepts over the other. Include in your explanation the advantage and disadvantage of each.

Define correlation coefficient. Describe in your own words the difference between correlation coefficient and coefficient of...

Define correlation coefficient. Describe in your own words the difference between correlation coefficient and coefficient of determination.

Directions: Read carefully the medical errors set forth below as explained in the book. Define the...

Directions: Read carefully the medical errors set forth below as explained in the book. Define the error and then provide a business example that would be descriptive of this type of error. "How doctors think." Natural human variation issues Commission error Satisfaction of search error Vertical line error “Last Bad Experience” error

Directions: Read carefully the medical errors set forth below as explained in the book. Define the...

Directions: Read carefully the medical errors set forth below as explained in the book. Define the error and then provide a business example that would be descriptive of this type of error. "How doctors think." Bandwagon Effect Anchoring Diagnosis Momentum Representative error. Attribution error Affective error Availability errors Confirmation bias The Ying-Yang Out Mistake Gatekeeper Issues that lead to errors Overworked issues that lead to errors Errors due to sheer volume Miscommunication errors. Zebra Retreat Overconfident mindset Natural human variation...

What is the difference between the “European Union” and the “Euro Zone”? In your response, be...

What is the difference between the “European Union” and the “Euro Zone”? In your response, be sure to explain the origins/histories and current challenges facing these two groups of countries.

Chapter 16 in your textbook sets forth the fundamental principles essential for understanding the concept of...

Chapter 16 in your textbook sets forth the fundamental principles essential for understanding the concept of materials requirements planning. Create a basic outline that captures the key points of the chapter. As a guide for your outline, it will be helpful to note the "key points" that are listed at the end of the chapter (section 16.8).

Define and describe the difference between the direct and indirect methods for calculating the cash flow...

Define and describe the difference between the direct and indirect methods for calculating the cash flow from operating activities. What are the other major sections of the cash flow statement? Describe the main functions of these components.

Subjects