________ warranties are created when a seller or lessor affirms that the goods he or she is selling or leasing meet certain standards of quality,description,performance,or condition.

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Express warranties are created when the seller makes a specific assertion or promise about the goods being sold, indicating their quality, performance, or condition. The warranty may be in writing or made orally, and it must form part of the basis of the bargain between the parties. Implied-in-fact warranties arise from the circumstances of the sales transaction or the course of dealing between the parties, while implied-in-law warranties (or warranties of merchantability and fitness for a particular purpose) are imposed by law to ensure that goods are reasonably fit for their intended use. Equitable warranties are rare and arise in a limited context, such as when a fiduciary makes a representation to a beneficiary. Limited warranties restrict the scope of the warranty that would otherwise be implied by law.

________ Warranties Are Created When a Seller or Lessor Affirms