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What is a Warranty?

What is a Warranty? Generally, a warranty is your promise, as a manufacturer or seller, to stand behind your product. It is a statement about the integrity of your product and about your commitment to correct problems when your product fails. The law recognizes two basic kinds of warranties—implied...

What is an Express Warranty?

What is an Express Warranty? Express warranties, unlike implied warranties, are not "read into" your sales contracts by state law; rather, you explicitly offer these warranties to your customers in the course of a sales transaction. They are promises and statements that you voluntarily make about...

What is an Implied Warranty?

What is an Implied Warranty? Implied warranties are unspoken, unwritten promises, created by state law, that go from you, as a seller or merchant, to your customers. Implied warranties are based upon the common law principle of "fair value for money spent," There are two types of implied warranties...

What is the FTC's Rule on Disclosure of Written Consumer Product warranty Terms and Conditions?

What is the FTC's Rule on Disclosure of Written Consumer Product warranty Terms and Conditions? The FTC's Rule on Disclosure of Written Consumer Product warranty Terms and Conditions (the Disclosure Rule) requires a written warranty on a consumer product that costs more than $15 to be clear, easy...