Distinguish Between an Implied Warranty and an Express Warranty

question 119

Essay

Distinguish between an implied warranty and an express warranty.Give one example of each.

---

Definitions:

Long-Term Creditors

Entities or individuals to whom a company owes money, with the obligation for repayment extending beyond one year.

Debt To Total Assets Ratio

A financial metric indicating the proportion of a company's total assets that are financed by debt.

Times Interest Earned Ratio

A financial metric that compares a company's operating income to its interest expenses, used to evaluate its ability to meet its interest obligations.