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Warranty

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A warranty is a promise. It is a promise made by a seller. It tells a buyer that a product is good. This promise is part of a legal contract.

Some promises are written down. These are called express warranties. A seller might say a tool is strong. This statement helps the buyer decide to buy it.

Other promises are unwritten. These are called implied warranties. They happen because of how we buy things. For example, new goods often come with an implied promise. This means the goods should work like they were advertised.

One type is the warranty of merchantability. This means the item meets normal standards. A piece of fruit should look and smell good. Another type is the warranty of fitness for a purpose. This helps if a buyer asks for a specific item. For example, a buyer might ask for tires for snow. The seller must provide tires that work in snow.

Some warranties have a time limit. A TV might have a 90-day warranty. If it breaks after 91 days, the warranty might not work. A lifetime warranty has no time limit for defects. If a promise is broken, the seller may fix it or give money back.

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