Unless properly disclosed, a warranty that is implied that sold or leased goods are fit for the ordinary purpose for which they are sold or leased, as well as other assurances is known as ________.

Question

Quizplus · Accepted Answer

An implied warranty that goods are fit for their ordinary purpose is known as the implied warranty of merchantability. This warranty is automatically applied to sales and leases unless it is properly disclaimed.

Unless Properly Disclosed, a Warranty That Is Implied That Sold