What Is an Implied Warranty and an Expressed Warranty? You

question 5

Essay

What is an implied warranty and an expressed warranty? You have just filled up your car with gasoline.Give an example of an expressed and an implied warranty that might have accompanied your purchase.

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Definitions:

Semi-Annually

Pertains to events or processes that occur twice a year, often used in the context of interest calculation or payments.

Investment

Allocation of resources, such as time, money, or effort, in anticipation of future gains.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds.

Investment

The process of assigning funds or other resources with the aim of earning returns or profits.