Contracts/Construction and Operation: Difference between revisions
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(→Conditions, Warranties, and Exceptions, or Provisos: 3 types of warranties exist) |
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{{:Contracts/TOC}} | {{:Contracts/TOC}}{{Breadcrumb|parent_page=Contracts|alias={{SUBPAGENAME}}}} | ||
==General Rules of Construction== | ==General Rules of Construction== | ||
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== Warranties == | == Warranties == | ||
3 types of warranties exist: | 3 types of warranties exist apply to the sale of goods: | ||
A. Express Warranty | A. Express Warranty is contingent upon a seller’s guarantee or affirmation. Mere puffery will not create express warranty. | ||
B. Implied warranty of merchantability | B. Implied warranty of <u>merchantability</u> is automatically created when the goods are sold. | ||
C. Implied warranty for a particular purpose | C. Implied warranty of <u>fitness</u> for a particular purpose at sale. | ||
A warranty may be negate or limited by a '''disclaimer'''. | |||
==Dependent and Independent Covenants and Stipulations== | ==Dependent and Independent Covenants and Stipulations== |
Latest revision as of 21:36, September 26, 2023
General Rules of Construction[edit | edit source]
Implied Terms[edit | edit source]
Entire and Severable or Divisible Contracts[edit | edit source]
Conditions & Exceptions, or Provisos[edit | edit source]
Warranties[edit | edit source]
3 types of warranties exist apply to the sale of goods:
A. Express Warranty is contingent upon a seller’s guarantee or affirmation. Mere puffery will not create express warranty.
B. Implied warranty of merchantability is automatically created when the goods are sold.
C. Implied warranty of fitness for a particular purpose at sale.
A warranty may be negate or limited by a disclaimer.