Examlex
For a European option: Value of call + PV(exercise price)= Value of put + Share price.
Implied Warranty of Fitness
A legal assumption in many jurisdictions that a product sold will be suitable for the particular purpose for which the buyer intends to use it.
"As Is"
A term specifying that an item is being sold in its current condition, with all faults and without warranty, typically in a sales contract.
"With All Faults"
A term in contracts indicating that the buyer accepts the item as is, including all defects.
Express Warranty
An express warranty is an explicit guarantee made by a seller regarding the quality, functionality, or performance of a product, which forms part of the contract of sale.
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