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Why does the law provide for an implied warranty ofmerchantability? What might happen if...

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Accounting

Why does the law provide for an implied warranty ofmerchantability? What might happen if such an implied warranty didnot exist?

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The implied warranty of merchantability means the goods are merchantable and conform to a reasonable buyers expectations Most consumer products have an implied warranty of merchantability This warranty makes the assumption that a good or product works for its intended purpose It applies not just to new items but for used items as well In common law jurisdictions an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale of products or real property due to the circumstances of the sale These    See Answer
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In: AccountingWhy does the law provide for an implied warranty ofmerchantability? What might happen if such...Why does the law provide for an implied warranty ofmerchantability? What might happen if such an implied warranty didnot exist?

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