Examlex
Inflation is a general rise in prices with a corresponding increase in wages,which results in decreased purchasing power.
Written Warranty
A guarantee provided in written form by the maker or seller of a product, ensuring the product's condition, quality, or performance for a specified period.
Full Warranty
A comprehensive warranty that covers repair or replacement of any defect in a product during the warranty period.
Implied Warranty
A legal assumption that a product will perform as expected without explicit statements by the seller regarding its quality or performance.
Warranty Of Merchantability
A legal guarantee that a product sold by a merchant fits its ordinary purposes and meets the buyer’s expectations.
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