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11 Cards in this Set

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