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

The description given in the question matches the definition of implied warranty of merchantability. It is a common law warranty that is automatically included in every sale or lease of goods, unless properly disclaimed. It assures the buyer or lessee that the product purchased or leased is fit for its ordinary purpose and is of similar quality and nature as other products of its kind in the market.

Unless Properly Disclosed,a Warranty That Is Implied That Sold or Leased