implied warranty of merchantability

A warranty that the property is fit for the ordinary purposes for which it is used.

• Under the UCC, an implied warranty of merchantability arises whenever a merchant sells goods unless the agreement expressly provides otherwise. UCC § 2-314. — Sometimes shortened to warranty of merchantability. [Cases: Contracts 205.15(3); Sales 272. C.J.S. Contracts §§ 347, 359; Sales §§ 254–256.]

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词条贡献者

法律翻译晓琳，国际知名商学院金融专业，专注翻译各类与金融服务与投资管理有关的法律文件。