What is a warranty imposed by law called?

The term for a warranty imposed by law is referred to as an implied warranty. This legal concept ensures that certain guarantees are automatically included in sales and transactions, regardless of any stated agreements. For instance, when a product is sold, there is an implicit understanding that it will be fit for the purpose intended and will conform to a baseline quality standard.

Implied warranties arise from the nature of the transaction rather than being explicitly expressed by the seller. They are designed to protect consumers by ensuring that the goods they purchase meet minimum quality and performance standards without needing special mention.

This warranty applies universally to most sales transactions unless specifically waived or contradicted by a clear and conspicuous disclaimer. Understanding the nature of implied warranties is critical, as they are a fundamental aspect of consumer protection law and serve to promote fairness in financial transactions.

In contrast, express warranties are explicitly stated by the seller regarding the quality or nature of the product. Extended warranties are additional coverage options that extend the warranty period, and commercial warranties typically pertain to agreements in a business context. However, none of these alternatives create the same baseline protections established by law as implied warranties do.