What are two types of warranty?

The correct identification of warranty types includes both implied and express warranties. An express warranty is a clear, definitive statement made by the seller about the product, often found in product descriptions or advertising. This warranty explicitly outlines what the seller guarantees regarding the product's quality, performance, or features.

On the other hand, an implied warranty is not written or spoken but is legally assumed to exist based on the nature of the transaction and the relationship between the seller and buyer. For example, there is typically an implied warranty of merchantability that ensures a product is fit for ordinary use.

Understanding these types of warranties is crucial for consumers, as they establish certain rights and expectations regarding products. Each type provides different levels of protection and can impact the buyer's decision-making process and legal recourse if a product fails to meet the stated guarantees.