Implied Warranty

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Implied warranty
In common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale of products or real property, due to the circumstances of the sale. These assurances are characterized as warranties irrespective of whether the seller has expressly promised them verbally or in writing. They include an implied warranty of fitness for a particular purpose, an implied warranty of merchantability for products, and an implied warranty of habitability for a home.
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MONASH Marketing DictionaryDownload this dictionary
Implied Warranty
the notion, upheld by courts in recent years in response to mounting consumer complaints, that a product is covered by warranty even if not expressly stated, and that manufacturers are liable for injury caused by a product even if there has been no negligence in manufacturing; hence, caveat vendor or "let the seller beware". See WarrantyExpress WarrantyPromotional WarrantyProtective Warranty.

2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.

The Lectric Law Library DictionaryDownload this dictionary
Implied Warranty
A guarantee imposed by law in a sale. Even though the seller may not make any explicit promises, the buyer still gets some protection.

Courtesy of the 'Lectric Law Library.

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