- A warranty on goods and services that is not explicit but is assumed. An implied warranty of "merchantability" guarantees quality and performance, and that the new item will work for its specified purpose. An implied warranty of "title" guarantees that the seller has the legal right to sell the goods. An implied warranty of "fitness" guarantees that the item will fulfill a specific purpose that the buyer has made clear to the seller that he or she wants it for. See caveat emptor.
Business law dictionary. 2015.
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implied warranty — see warranty 2a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. implied warranty … Law dictionary
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implied warranty — A statement, description, or undertaking by the insured under a marine policy which binds the insured as though expressed in the contract. Procacci v United States Fidelity Ins. Co. 118 NJL 423, 193 A 180. In sale of personal property: a warranty … Ballentine's law dictionary
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implied warranty — a warranty not stated explicitly by the seller of merchandise or real property but presumed for reasons of commercial or legal custom (distinguished from express warranty). [1930 35] * * * … Universalium
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implied warranty of fitness — means that when the retailer, distributor, or manufacturer has reason to know any particular purpose for which the consumer goods are required, and further, that the buyer is relying on the skill and judgment of the seller to select and furnish… … Black's law dictionary
implied warranty of merchantability — A warranty implied by law that property is fit for the ordinary purpose for which it is used. Category: Small Claims Court & Lawsuits Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary