What is a warranty that is not expressly stated but is defined by law called?

A warranty that is not expressly stated but is defined by law is known as an implied warranty. Implied warranties arise automatically by operation of law rather than through specific verbal or written declarations made by the seller. They serve to protect buyers by ensuring that products meet basic standards of quality and performance.

For example, when you purchase a product, an implied warranty exists that the item will function as expected for its intended use and that it will be free of defects. This concept acknowledges that consumers have reasonable expectations when purchasing goods, and it serves to hold sellers accountable even if they have not explicitly stated any guarantees regarding the quality or fitness of the product.

Implied warranties differ from express warranties, which are explicitly stated by the seller through words or writing. Understanding implied warranties is crucial in professional selling as it emphasizes the seller's obligation to meet certain baseline standards, even in the absence of explicit commitments. This knowledge helps sales professionals navigate customer expectations and uphold their reputation in the marketplace.