An Implied Warranty Can Arise as a Result of a Well-Recognized

question 41

True/False

An implied warranty can arise as a result of a well-recognized trade custom that a court could infer the parties intended to apply to their contract.

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Definitions:

Fad Product

A product that becomes extremely popular in a short period of time and then quickly falls out of favor.

Product Life Cycle

A concept that describes the stages a product goes through from introduction to growth, maturity, and decline in the market.

Low-Learning

Pertains to products or services that require minimal effort or understanding for consumers to use effectively.

Product Life Cycle

The progression of a product through stages from introduction to growth, maturity, and decline in the market.