Implied Warranties

Presented to, Presented by,

Dr.Engr.Rashid Ahmed Chowdhury A.M Junaid Uddin Chowdhury
Course code : BUS361 Id : 1820160
What is an Implied Warranty?
An implied warranty is either oral or contractual legal term imposed by the
law in any sale with the assurance that the product sold to the customer
will meet their expectation & the purpose it needs to serve .
Types of implied warranties :
1) Warranty as to undisturbed possession of the goods .
2) Warranty as to Goods are free from any charge in favor of any third party.
3) Warranty as to Disclosure of dangerous nature of goods.
4) Warranty as to quality or fitness by usage of trade.
Remedies for breach of implied
warranties :
Suit for damages ,reduction or extinction of price.
Suit for loss exceeding price of good
 Refuse to pay for the goods.
Limitations of implied warranties
The seller can sometimes deny to pay damages for following reason :
 If the buyer checks the product before buying ,then implied warranty does not
apply here .
 If the goods are as per the patent the buyer cannot claim later that it does not
fulfill his purpose or expectation.
Conclusion
Though every contract or purchase has an implied warranty attached to it , but it is
applicable only up to specific limit and period.

Thank you