Examlex
If a voidable contract is avoided,only the promisee,but not the promisor,is released from it.
Implied Warranty
A legal assumption that a product will meet certain standards of quality and reliability without being explicitly stated.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights.
Implied Warranty of Fitness
A legal guarantee that goods sold will meet the specific purpose for which the buyer is purchasing them, even if not explicitly stated.
Implied Warranty of Merchantability
A legal presumption that a product sold will meet the buyer's reasonable expectations of quality and functionality.
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