BUSINESS LAW - CHAPTER 17 (Warranties and Product Liability)

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Author:
rootbytes
ID:
262851
Filename:
BUSINESS LAW - CHAPTER 17 (Warranties and Product Liability)
Updated:
2014-02-19 17:32:48
Tags:
BUSINESS LAW CH17 Warranties Product Liability
Folders:
SPRING 2014
Description:
Memorize Terms for Midterm
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  1. A promise that is included in a contract concerning the quality, condition, description, or performance of the goods being sold or leased.
    Express Warranty
  2. A warranty that arises by law because of the circumstances of a sale rather than by the seller’s express promise
    Implied Warranty
  3. A warranty that goods being sold or leased are reasonably fit for the general purpose for
    which they are sold or leased, are properly packaged and labeled, and are of proper quality.
    Implied Warranty of Merchantibility
  4. A warranty that goods sold or leased are fit for the particular purpose for which the buyer or lessee will use the goods.
    Implied Warranty of Fitness for a Particular Purpose
  5. Product liability claim based on Negligence
    (Look up Elements)
  6. Product liability claim based on Strict
    Liability
    (Look up Elements)
  7. Defenses  to product liability claim
    (Look Up)

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