express warranty

express warranty, defined:
an assurance of some kind (guarantee), given explicitly by a seller, either in words or writing. The key to understanding the term, express warranty, is to understand that it makes a distinction about the status or nature of the warranty, namely that it was given explicitly.
express warranty, as it might be used:
At the time the boat was purchased, an express warranty regarding its condition was included in the sales contract.
An example of express warranty:
Having bought a home-based business package, Fiona and Fergus are quite disappointed by the results. Upon the vendor's refusal to refund their money, Fergus and Fiona carefully reread the sales literature only to realize that no express warranty is given.
|
|
|