Understanding Warranties

Thank you bao ngoc for your part Now I would like to walk you through warranties.
This is a very broad category and i cannot cover all about it but i'm gonna give you
the general idea

Generally, a warranty is your promise as a warrantor, 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 3 basic kinds of warranties: title of warranties,implied warranties

and express warranties.

A warranty of title is a guarantee from the person transferring the property that the
grantor owns the property and that the property is clear of liens, mortgages, or other
encumbrances that may affect ownership

There are 3 types of warranties including good title, no liens and no infringements.
1. the most common one is good title which seller claim it is valid and there is
nothing wrong
2. But in some cases, the property might be under mortgage or lean, so the
seller has to inform the buyer about that or the could get sued. For ex, If
another party such as a bank has a lien against the property, then the seller
will offer a quitclaim deed, which makes no assurances as to the title of the
property and protects the buyer from potential liability 
3. A third type of warranty arises automatically when the seller or lessor is a
merchant. A merchant seller warrants that the buyer takes the goods free of
infringements ( copyright, trademark, or patent)

And the second type of warranty is express

Express Warranties
They are promises and statements that you voluntarily make about your product or
about your commitment to remedy the defects and malfunctions that some customers
may experience. (trẻ em nghèo)

Express warranties can take a variety of forms, ranging from advertising claims to
formal certificates. An express warranty can be made either orally or in writing. While
oral warranties are important, only written warranties on consumer products are
covered by the Magnuson-Moss Warranty Act. which i will explain latter

1.That the goods conform to any affirmation or promises. For instance when the
brokers this stock gonna makes you rich.That is an express warranty.
2. That the goods conform to any description of them.Like a box contains 10 bottles
of wine or 100g per can.
3. That the goods conform to any sample or model of the goods shown to the buyer
or lease. In simple words, it is when the good is not the type as promised. when you
order a tv but the delivered a computer screen.
And when a seller creates an express warranty they don't have to use formal words
such as warrant or guarantee because of the basis of bargain

Another feature of express warranty is statement of opinion

 A statement of opinion is a legal document that sets forward factual information
without argument. Only statements of fact create express warranties or opinions by
experts may be accepted too. The goal of a statement of facts is not to put forward
an argument, but rather to present factual information in a clear, easy to understand
way.

Implies warranties 
Implied warranties are unspoken, unwritten promises that generated automatically.
There are two types of implied warranties that occur in consumer product
transactions. They are the implied warranty of merchantability and the implied
warranty of fitness for a particular purpose.
The implied warranty of merchantability is a merchant's basic promise that the goods
sold will do what they are supposed to do and that there is nothing significantly wrong
with them.

The implied warranty of fitness for a particular purpose is a promise that you as a
seller, make when your customer relies on your advice that a product can be used for
some specific purpose.

And to protect buyers from false warranty. They created The Magnuson-Moss
Warranty Act. It is the federal law that governs consumer product warranties. Passed
by Congress in 1975, the Act requires warrantors of consumer products to provide
consumers with detailed information about warranty coverage. In addition, it affects
both the rights of consumers and the obligations of warrantors under written
warranties.

The Act and the Rules establish three basic requirements 

1. With the price more than $25 you must designate, or title, your written
warranty as either "full" or "limited."
2.  you must state certain specified information about the coverage of your
warranty in a single, clear, and easy-to-read document.
3. you must ensure that warranties are available where your warranted
consumer products are sold so that consumers can read them before buying.

Cái warranty này kiểu như là tuyên bố trách nhiệm vs cả bảo hành về sản phẩm và
có 3 cái loại warranty chính 
Loại thứ nhất là title of warranty, loại này thường dùng cho các tài sản như là bất
động sản nma đôi khi cũng dùng cho các loại hàng hóa.Về cơ bản là cái này nó sẽ
đảm bảo quyền lợi cho người mua nhà là anh sẽ ko bị mua phải căn nhà đang bị
thuế chấp hoặc là đang trong quá trình trả góp. Và nếu vẫn muốn bán thì người bán
phải có cái giấy gọi là quitclaim deed.
Loại thứ 2 là express warranties. Loại này kiểu như là tuyên bố về chất lượng của
sản phẩm và trách nhiệm của người bán do người bán tự nguyện tuyên bố. Ví dụ
như là bảo hành, quyên góp lơi nhuận. 1 khi tuyên bố thì họ sẽ phải làm
Còn 1 cái phần nữa của cái này là statment of opinion