Examlex
Predictions and expectations are also_______ because you attempt to determine what is currently unknown from what is already known.
Express Warranties
Explicit guarantees provided by a seller regarding the quality, condition, or performance of a product.
Implied Warranties
Legal guarantees assumed in a transaction that the product will meet a minimum level of quality and functionality.
Fitness for a Particular Purpose
A warranty in commercial transactions that a product will meet the specific requirements of the buyer, as known by the seller at the time of sale.
Merchantability
A guarantee that a product will meet reasonable quality and performance expectations as implied in a sales contract.
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