1.Describe warranty requirements and explain the three common types of warranties.

There are two types of warranties include fitness and express.  A warranty implied through express can be an unspoken and unwritten guarantee to the person purchasing the goods (Warranties,2014). A fitness implied warranty is different at some point because it is considered that the warranty will be implied when the buyer passes information to the seller that they want to purchase for a specific reason or when the seller has been informed of the specific purpose that is leading to the buyer purchasing the goods.

2.If your purchase does not come with a written warranty, is it still covered by an implied warranty? What if the product is marked “as is”? Do all states permit “as is” sales?

Consumers make purchases of goods even when they are not stated. The implied warranty covers goods that have stated the amount of value with a base level of protection to the consumer while an express is stated. Every consumer product comes with the implied warranty of merchantability that guarantees the product has to meet its intended purpose (Cover et al ., 2012). If one buys an item that isn’t working, they have the right to take it back for an exchange.  This is according to UCC that indicates the product that is merchantable. If not indicated otherwise, the implied warranty of fitness and merchantability are often disclaimed by the expression like “as is.” The phrase that is written on the product has to be understood by the two parties in such a way that there are no implied warranties. Most of the state laws a coverage for four years under the implied warranty while other states have a limit on the express warranty due to disclaimer such as “sold is.” They have no legal bearing in such states.

3.Describe what product liability means and explain negligence and misrepresentation.

Product liability is termed as the manufacturer’s responsibility to offer compensation for an injury that may be led by defective merchandise for sale provided (Owen,2014). Negligence is the failure to, the absence of proper exercised care.  This means that the person given the legal obligation did something that was to be omitted hence neglecting the reasonable care. Misinterpretation is termed as offering the wrong information about the safety of the product hence drawing hazardous attention.

4. Describe strict product liability and company liability. Please provide a company example of product liability.

A product liability is categorized under strict liability. The product liability does not rely on private of contract. People are considered to be liable for the consequences of their acts despite their reasonable care or intentions (Owen,2014). For instance, the Firestone can be a good example of product liability.  In 2000 many accidents occurred linked to Firestone tire brand that had been outfitted with different vehicles. It was investigated the tire in question was manufactured by the same plant. It was evident that 500 defects that had been covered up from this plant.

Reference

Owen, D. (2014). Products Liability Law, 3d (Hornbook Series). West Academic.

Warranties, F. (2014). Bonds: Include copies of warranties and bonds and lists of circumstances and conditions that would affect the validity of warranties or bonds. 1. Include procedures to follow and required notifications for warranty claims, 2.

Cover, T. M., & Thomas, J. A. (2012). Elements of information theory. John Wiley & Sons.