The Warranty Clauses form, to have and to hold, subject to the terms, exceptions, and other provisions set out in this Assignment, the “assets” unto assignee, its successors and assigns, forever, however the assignments and conveyances made by this assignment are made without warranty.
Mississippi Warranty Clauses
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Multi-State
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US-OG-489
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FAQ
There are many types of implied warranties including an implied warranty of merchantability, an implied warranty of fitness, an implied warranty of habitability (for a lease), and an implied warranty of marketability (for the sale of real property, also known as a marketable title).
Under Mississippi law, consumers are entitled to an implied warranty, which means that the dealer may be responsible for making repairs to defects in vehicle equipment that presently exist or may occur in the future.
The most common types of warranties are implied warranties, express warranties, extended warranties, and special warranty deeds. Each type of warranty provides a different level of protection to the buyer should the product they purchase fail.
Guarantees are more or less verbal promises whereas most warranties are written contractual agreements that are more legally binding to protect both parties. Nearly all products, such as your blender, come with an guarantee promising that the product will perform as expected.
The implied warranty of fitness for a particular purpose is a promise that the law says you, as a seller, make when your customer relies on your advice that a product can be used for some specific purpose.
For example, a light bulb manufacturer prints the words "lasts 15,000 hours" on its packaging. The words "guaranteed" or "warranty" do not appear, but this claim nevertheless is an express warranty.
Some examples may include replacing a product such as a mobile phone if it does not the way it is advertised. A consumer may also receive free repair services where a product has been damaged during use. Some companies offer a money-back guarantee if consumers are not satisfied with a product.
An example of an implied warranty is the assumption that the new sweater you are buying from a department store is free of any holes, stains, or other damage. Lifetime Warranty: whereas an express warranty has a time limit as to how long it is valid, a lifetime warranty has no such expiration date.