A ________ is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards.
A) breach
B) caveat emptor
C) warranty
D) liability

Question

Quizplus · Accepted Answer

A warranty is a seller's or lessor's assurance to a buyer or lessee that the goods sold or leased meet certain quality standards. A breach refers to a failure to perform a legal obligation, caveat emptor is a principle that places the responsibility for determining the condition and suitability of goods on the buyer, and liability refers to legal responsibility for one's actions or omissions.

A ________ Is a Seller's or Lessor's Express or Implied