Express warranty meaning

Express warranty definitions

An express warranty is a specific guarantee made by a seller to a buyer regarding the quality and performance of a product or service. Unlike implied warranties, which are not explicitly stated but assumed to exist under law, an express warranty is clearly defined and outlined in writing or verbally during a sales transaction.

Understanding Express Warranty

Express warranties can take many forms, such as product labels, marketing materials, or verbal assurances given by the seller. These warranties provide consumers with a certain level of confidence in the products they are purchasing, assuring them that the product will meet certain standards or specifications.

Types of Express Warranty

There are two main types of express warranties: full warranties and limited warranties. Full warranties guarantee that a product will be repaired or replaced if it fails to meet the specified standards, while limited warranties may only cover specific parts or conditions.

Enforcing Express Warranty

If a product fails to meet the promised standards laid out in an express warranty, the buyer has the legal right to seek remedies such as repair, replacement, or refund. The Magnuson-Moss Warranty Act is a federal law that governs express warranties and provides consumers with protection against deceptive warranty practices.

It is essential for both buyers and sellers to understand the terms of any express warranty associated with a product or service. Sellers should ensure that their express warranties are clear, accurate, and in compliance with relevant laws and regulations. On the other hand, buyers should carefully review and keep documentation of any express warranties to protect their rights in case of disputes.

Overall, express warranties play a crucial role in consumer protection and confidence in the marketplace. By clearly outlining the guarantees and commitments made by sellers, express warranties help establish trust between buyers and sellers and ensure a level playing field for all parties involved in a transaction.

Express warranty Examples

1. The company provided an express warranty that the product would be free from defects for one year.
2. The written contract included an express warranty stating that the services would be completed by a certain date.
3. The salesperson made an express warranty that the car had never been in an accident.
4. The advertisement contained an express warranty regarding the effectiveness of the weight loss product.
5. The manufacturer issued an express warranty guaranteeing the quality of the materials used in the furniture.
6. The store manager verbally offered an express warranty that the appliance would be repaired if it malfunctioned within the first month.
7. The online listing featured an express warranty promising a full refund if the customer was not satisfied with the product.
8. The service provider gave an express warranty that the repairs would last for at least six months.
9. The brochure included an express warranty stating that the software would be compatible with all operating systems.
10. The sales receipt contained an express warranty for the electronics, covering any defects for a specified period.

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