What Do Warranties Cover
Full Video Transcript
When you make a major purchase, the warranty is the promise by the manufacturer or seller to stand behind the product. Federal law requires that warranties be available for you to read before you buy even when you're shopping by catalog or on the Internet. Coverage under a warranty varies depending on the representations made regarding the product. If the product's quality is less than represented, the seller could be liable for breach of express warranty. However, some warranties are implied into every sale. For instance, under the Uniform Commercial Code, which has been adopted in part by every state, buyers are afforded the protection of the implied warranty of merchantability and the implied warranty of fitness for a particular purpose. Generally, these implied warranties mean that the product will do what its supposed to do. For example, that a car will run, or a toaster will toast; and that certain products will be suitable for advertised special use, for instance, that a certain special sleeping bag for zero-degree weather will actually be suitable for zero degree temperatures.