Asked by
Denika Wells
on Nov 27, 2024Verified
An implied warranty can arise as a result of a well-recognized trade custom that a court could infer the parties intended to apply to their contract.
Implied Warranty
A legal term for the unspoken and unwritten guarantees that the law assumes goods or services must meet.
Trade Custom
Established practices and patterns of behavior that are widely accepted within a particular industry.
Contract
A contract between two or more entities that is recognized by law and entails shared responsibilities.
- Analyze the impact of trade customs and merchantability on the expectations and obligations in sales contracts.
Verified Answer
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Learning Objectives
- Analyze the impact of trade customs and merchantability on the expectations and obligations in sales contracts.