Examlex
When considering whether to have a new roof installed on a building, the money spent previously on roof repairs to the old roof is information that is relevant to the business decision.
Implied Warranty Of Fitness
An assurance that a product will meet the buyer's specified needs, even though these assurances are not explicitly stated.
Express Warranty
A promise clearly stated by a seller about the condition, functionality, or reliability of a product.
Merchantability
A guarantee that a product will meet reasonable consumer expectations of quality and suitability for use as sold.
Express Warranty
A formal declaration by a seller or manufacturer promising the quality and reliability of a product, explicitly stated in a contract or agreement.
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