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Spain's dreams of empire began to fade with the
Warranty of Title
A guarantee by a seller to a buyer that the seller has the right to transfer ownership and no undisclosed encumbrances exist.
Patent Violation
The infringement of the exclusive rights attached to a patent, without permission from the patent holder.
Implied Warranty
A legal concept that guarantees a product will meet certain standards of quality and reliability without explicitly stating them in a contract.
Merchantability
A warranty that a product will meet reasonable expectations of quality and functionality at the time of sale.
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