What is a warranty? What warranties are required by the UCC?

Expert Solution

A warranty is defined as a promise from the seller to the buyer that the product he has bought will be either repaired or replaced if any problem occurs within a specified time period. It is generally expressed when the goods are sold. It makes the seller liable to the buyer.

There are the following warranties required by Uniform Commercial Codes:

1. Expressed warranty: It is a warranty that is clearly stated at the time when the product is sold to the buyer. It is stated in a clear and precise manner. For example, the seller says he will repair or replace the machine if any problem arises within 2 years of the sales.

2. Implied warranty: It is not stated by the seller to the buyer but is implied in nature. It can be illustrated as an expectation of the buyer. For example, a buyer is entitled to receive the goods fit for the purpose he had bought them for otherwise seller is liable. It is of two types:

I. Implied warranty of merchantability, and

ii. Implied warranty of fitness for that particular purpose.

keosha answered 2 months ago

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