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.
Rhode Island Warranty Clauses
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Multi-State
Control #:
US-OG-489
Format:
Word;
Rich Text
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FAQ
A product should be free of defects and the company or individual selling it should provide a warranty that covers the product for a specific amount of time. During that time, the seller is warranting that any defects would be repaired at no charge to the buyer.
An implied warranty is a guarantee that is not written down or explicitly spoken. Article 2 of the Uniform Commercial Code ("UCC") governs the sale of goods. An implied warranty is automatically presumed regarding the sale of goods or real property, which prevents a risk from transferring to the buyer.
A charge for a service, maintenance or extended warranty contract is taxable whether or not separately stated if it is paid to a licensor or lessor of property. In the instance of a license or lease for taxable property, the charges for any services rendered are deemed not to be optional.
An example of an implied warranty is an assumption that the product that you buy will work. For example, if you purchase a washing machine, the assumption is that the washing machine will work and wash your clothes. If you buy a sandwich from a deli, the implied warranty is that the sandwich is edible.
(1) The implied warranty of merchantability provides that an item is reasonably fit for the ordinary purposes for which such items are used.
Workmanship, Materials and Mechanical Systems are covered for 1 year. Structural Coverage on Designated Structural Elements is provided for 10 years.
Implied warranties are promises about the condition of products at the time they are sold, but they do not assure that a product will last for any specific length of time. (The normal durability of a product is, of course, one aspect of a product's merchantability or its fitness for a particular purpose.)
(a) Unless disclaimed in the manner prescribed in subsection (2)(b) of this section, every consumer sale in this state shall be accompanied by an implied warranty that the goods are merchantable, and, in a consumer sale where the seller has reason to know that the goods are required for a particular purpose and the ...