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11 Cards in this Set
- Front
- Back
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Warranty
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a contractual promise by the Seller regarding the quality, character or suitability of the goods sold
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Expressed warranty
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if seller, through words or behavior, makes promises about the goods
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Implied warranties
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imposed by law
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Implied warranty of merchantability
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warrants that the goods are fit for the ordinary purpose for which the goods are used
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Implied warranty of title
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seller warrants that the goods are free of any liens of other parties
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Privity of contract
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person who was not a party to the contract has no right to enfore it
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Full warranty
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will fix or replace any defectice product, free of charge
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Limited warranty
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does not meet the standards for a full warranty
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Obvious danger
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no longer defense, obvious danger is merely one of the factors to be considered in determining liability
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Statute of repose
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converse of a statute of limitations, sets a time frame within which a lawsuit must be initiated after the harm has occurred
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Misuse
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not intended for the purpose used and such misuse was not reasonably forseeable
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