What are the two main types of warranties?

What are the two main types of warranties?

• A. Express
• B. Implied
• C. Verbal
• D. Written

Answer: (A)

Warranties fall into two broad categories: express and implied. An express warranty is a clear promise about quality, performance, or features, created by specific statements, descriptions, or advertisements. Implied warranties arise by law from the nature of the sale or product, even if the seller doesn’t state them, ensuring the item is reasonably merchantable and fit for its ordinary purpose (or for the buyer’s stated purpose if the seller knew of it). Among the options, the term that identifies a warranty by the seller’s explicit promise is express. Verbal and written describe how a warranty is communicated, not the fundamental category, and a warranty can be either verbal or written when it’s express; the key distinction is express versus implied.

Warranties fall into two broad categories: express and implied. An express warranty is a clear promise about quality, performance, or features, created by specific statements, descriptions, or advertisements. Implied warranties arise by law from the nature of the sale or product, even if the seller doesn’t state them, ensuring the item is reasonably merchantable and fit for its ordinary purpose (or for the buyer’s stated purpose if the seller knew of it). Among the options, the term that identifies a warranty by the seller’s explicit promise is express. Verbal and written describe how a warranty is communicated, not the fundamental category, and a warranty can be either verbal or written when it’s express; the key distinction is express versus implied.