Express warranty

Express warranty,

Definition of Express warranty:

  1. A warranty is an assurance that an item will live up to the promises of the seller. Under the federal Magnuson-Moss Warranty Act, passed by Congress in 1975, a company must provide a written express warranty if a product is sold for more than $15.

  2. Spoken or written promise concerning the character, nature, performance, purpose, quality, state, or use of an item, made by a seller while negotiating with a buyer. In contrast to an implied warranty, an express warranty forms part of the contract of sale because it has been included in the offer acceptance process. It is not necessary for the seller to use the word warranty to make a promise a warranty.

  3. An express warranty is an agreement by a seller to provide repairs or a replacement for a faulty product, component or service within a specified time period after it was purchased. Buyers rely on these promises or guarantees and sometimes purchase items because of them.

How to use Express warranty in a sentence?

  1. In the absence of communicated guarantees, an implied warranty may come into force.
  2. You may want to offer an express warranty when you first put a product out so people arent afraid to try it.
  3. An express warranty is an agreement by a seller to provide repairs or a replacement for a faulty product, component or service within a specified time period.
  4. Under the federal Magnuson-Moss Warranty Act, a company must provide a written express warranty if a product is sold for more than $15.
  5. Details about a product or service that are outlined in an advertisement can set the precedent for an express warranty.
  6. There was an express warranty , which meant that everything would be good and we would be able to do what we wanted.
  7. Many goods come with an express warranty which ensure that the consumer does not get stuck with a product that is a lemon..

Meaning of Express warranty & Express warranty Definition