{"id":2872,"date":"2015-06-15T06:03:49","date_gmt":"2015-06-15T06:03:49","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&p=2872"},"modified":"2019-01-05T01:41:30","modified_gmt":"2019-01-05T01:41:30","slug":"warranties-2","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wmintrobusiness\/chapter\/warranties-2\/","title":{"raw":"Reading: Warranties","rendered":"Reading: Warranties"},"content":{"raw":"\"Photo<\/a>\r\n

A warranty<\/b> is a guarantee or promise that provides assurance by one party to another party that specific facts or conditions are true or will happen. Some warranties run\u00a0with a product, such that a manufacturer makes the warranty to a consumer with whom\u00a0the manufacturer has no direct relationship. For example, your iPhone came with a warranty, but the people at Apple don't know who you are. This fact doesn't\u00a0negate the warranty that came with your phone, though.\u00a0A warranty may be express or implied, depending on whether the warranty is explicitly provided (typically written).<\/p>\r\n\r\n

Types of Warranties<\/h2>\r\n

Express Warranties<\/h3>\r\nExpress warranties are just that\u2014expressed in writing. When you purchased a new television set, for example, somewhere among all of the instructions on how to connect it to your Blue-Ray player and Wi-Fi and XBox was a small card that expressly stated what warranty the manufacturer was providing to you as the purchaser.\r\n

Implied Warranties<\/span><\/h3>\r\n
Implied warranties are unwritten promises that arise from the nature of the transaction and the inherent understanding by the buyer rather than from the express representations of the seller. In the United States, the Uniform Commercial Code provides that the following two warranties are implied unless they are explicitly disclaimed (such as\u00a0an \"as is\" statement):<\/div>\r\n