Concept information
Preferred term
implied warranties
Definition
- A warranty is a guarantee or promise surrounding a commercial transaction. An express warranty is an explicit guarantee or promise openly and voluntarily offered by one party to the other to cover a specific transaction. [Source: Encyclopedia of Business Ethics and Society; Implied Warranties]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/implied_warranties
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