Warranty of merchantability

Definition
: a usu. implied warranty that the property being sold is merchantable (as by being of a quality that is generally acceptable in that line of trade)
Under the U.C.C., a warranty of merchantability is not implied unless the seller is a merchant with respect to the goods sold.
b  : a usu. written guarantee of the integrity of a consumer product and of the maker's responsibility for the repair or replacement of defective parts
see also Consumer Product Safety Act in the Important Laws section
3  : a statement made in an insurance policy by the insured that a fact relating to the subject of the insurance or the risk exists or will exist or that some related act has been done or will be done
compare representation
A warranty in an insurance policy must be true or be fulfilled in order for the policy to be valid.



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Based on Merriam-Webster's Dictionary of Law ©2001.
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