Implied Merchantability Assurance Standard

An Implied Merchantability Assurance Standard is a quality assurance standard in sales agreements that ensures goods meet acceptable quality levels.

• Context:
  • It can apply to retail goods, ensuring they meet reasonable quality expectations.
  • It can protect buyers by providing implied assurances of usability in a product purchase.
  • ...
• Example(s):
  • a Warranty for Merchantability implied in the sale of consumer electronics.
  • a Fitness for Use Clause in food sales, ensuring the products are suitable for consumption.
  • ...
• Counter-Example(s):
  • Express Warranties, which explicitly outline quality standards in the contract.
  • Service Agreements, where merchantability may not be implied as they do not involve goods.
• See: Sales Warranty, Quality Standards, Contract Law, Standardized Contract Template Model, Mutual Assent Principle Standard, Implied Merchantability Assurance Standard, Contract Efficiency Optimization Process, Contract Risk Management Method, Contract Modification Method, Contract Automation Solution Integration, Contract Lifecycle Management, Liability Limitation Clause, Automated Contract Generation Tool, Risk Assessment Matrix, Legal Documentation Standard.

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References

2024

• Perplexity.ai

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